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Rift emerges at CFTC over Feinstein bill
Thomas Erickson, a commissioner of the US Commodity Futures Trading Commission (CFTC), yesterday said he fully supports increased oversight of energy derivatives trading, in the wake of Enron’s collapse. Erickson, testifying before the US Senate…
DrKW sets up prime brokerage service
Dresdner Kleinwort Wasserstein (DrKW) has launched a prime brokerage business, offering financing and support services to hedge funds and alternative investment funds.
ING re-enters Asian equity derivatives market
ING Financial Markets has appointed Trinh Du as director and head of structured and listed equity derivatives trading, marking the Dutch institution’s return to the Asian equity derivative markets after an absence of five years.
DrKW adds to credit derivatives team
Dresdner Kleinwort Wasserstein (DrKW) has continued to expand its credit derivatives team and hired Hideyuki Kudo in Japan and Hans-Juergen Brasch and Kaveh Taleghani in London.
Bank of America traders launch forex hedge fund
Three senior forex traders from Bank of America (BoA) in New York last week launched Scalene Partners, a new intra-day forex hedge fund.
IFX expands sales force
Margin forex player IFX plans to expand its sales force in the coming months, as part of a drive to increase its client base, an official told RiskNews ' sister publication FX Week .
Tokai equity trading team quits to set up hedge fund
Mark Page, who quit as head of equity trading at Tokai Bank Europe in April 2002, plans to launch a multi-strategy hedge fund called Eriswell Capital.
Merrill strips out European structured credit head
Glenn Barnes, London-based head of European structured credit, has left Merrill Lynch. His departure is due to a decision to strip out a layer of management, a Merrill Lynch spokesman claimed.
Merrill Lynch creates non-Japan Asia derivatives role
Merrill Lynch is creating a new position for its non-Japan Asia local currency foreign exchange and interest rate derivatives business to cater for client demand, a senior official said.
NAB bolsters credit team
National Australia Bank (NAB) has bolstered its structured credit team with the addition of Peter Rothwell, who joined the Australian bank’s London office last week as senior trader.
Appleton to expand its portfolio with two funds
Group plugs gap left by scott campbell's resignation
Sharpe practice
Schroders' emerging markets Astra fund is aiming to achieve good returns with a Sharpe ratio of about one and two-thirds the volatility of its benchmark
Media money-spinner
The manager of the Lindsell Train media hedge fund has a simple objective ' to make money and the proliferation of media distribution platforms is helping him to meet his aim
Reality check
Equity hedged portfolios with a bias toward the US are popular in the market at present
GHK's debut hedge fund targets institutions and funds of funds
the GHK first equity hedge fund lists on the irish exchange
Getting a head start
COO of Avocet Capital sets out five lessons to follow when starting up a hedge fund
IMF seeks scrutiny of insurers' credit risk
The International Monetary Fund (IMF) says greater information about insurers' financial markets activities – including credit risk transfers – is needed before their implications for financial stability can be clearly ascertained.
Firms Voice Frustration over FSA Continuity Plans
Firms say "toothless" disaster recovery guidelines will result in inconsistent plans.