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NetRisk’s Ceske heads to GE Capital
Rob Ceske, head of business development at NetRisk and its subsidiary OpVantage, has left the company to take on a new role at GE Captial. Ceske’s departure from the Connecticut-based risk management company comes as it is being acquired by Fitch Risk…
Evolution Markets launches weather desk
New York-based environmental and energy broker Evolution Markets has returned to the weather derivatives sector with the launch of a weather desk, six years after it brokered its first over-the-counter weather deal.
Tullett completes restructuring of European operations
UK interdealer broker Tullett & Tokyo Liberty has completed the restructuring of its European operations - following the merger of Tullett & Tokyo and Liberty back in December 1999 - by naming five managing directors to drive the broker towards its goal…
Aquila finally buries energy trading business
Missouri-based energy trader Aquila today said that it has put the lid on the coffin of its energy trading division, following almost two months of speculation. In June, Aquila unveiled plans to wind down its trading book, but said it was looking for a…
Bank of America expands global proprietary trading
Bank of America has named Lawrence Barwick as global head of proprietary FX trading, based in London. The appointment is part of a build-up of global prop trading - the latest stage in the bank’s wholesale expansion of foreign exchange, Larry Baum,…
How Japan got it covered
The fast-growing Japanese weather derivatives market is unique in both its product diversity and the range of small business end-users it serves. But where are the big players? Rob Dwyer reports
Trading places
Whatever criticisms Enron’s competitors may level at the fallen giant, few have been shy about snapping up the talent left behind by the company’s demise. James Ockenden looks at the recruitment market in Enron’s wake
BoA hires Citi veteran to head Asian derivatives sales
Bank of America (BoA) has hired Freda Sze as regional head of global derivatives sales in its global markets group. Based in Hong Kong, Sze will report to Goetz Eggelhoefer, Asian head of global markets.
Tokai Bank Europe equity head leaves to start own hedge fund
mark page limbers up for eriswell capital launch in october
Eastern opportunities
The manager of the New Star Asia Renaissance Hedge Fund sees major opportunities for going long and short in the post-crisis restructuring economies of east Asia
Don't settle for second best
Investors need to take extra care when crossing over to multi-strategy funds ' managers may not be all they're cracked up to be, lacking the relevant expertise
Laying down the money laundering law
The Patriot Act passed in the US last year to combat money laundering is adding to the compliance headaches of the European hedge industry
It's all in the mix
Want to set up a hedge fund but don't know where to start? Here's the lowdown
A tough nut to crack
Legal impediments and excessive taxation have stunted the German hedge fund market. If these are eased there should be massive growth
Asia remains the driving force behind the market
Emerging markets still favour Asia, with Latin America underperforming
Benefiting from the ups and downs
Long-only managers take advantage of the added market volatility caused by hedge funds
Success strategies
Since launching two strategy funds in 1999, ORN Capital has gone from strength to strength and is following up this success up with the launch of a European distressed debt strategy next month
The end game
Credit derivatives