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Goldman's head quant Derman to retire
Emanuel Derman, head of Goldman Sachs' quantitative risk strategies group in firmwide risk, will retire from the firm in June.
Askari CEO and founder Davies to step down
Peter Davies, founder and chief executive of Askari, told RiskNews that he has resigned from the company after a decade at the helm of the New York-headquartered specialist buy-side risk management vendor.
BNP Paribas adds to energy derivatives team
BNP Paribas has hired two energy derivatives traders from JP Morgan Chase. Larry Felske joins BNP’s commodity-indexed transactions group as a director of natural gas options trading in New York, and Olivier Knight joins BNP’s London desk as an oil…
Danske continues forwards drive
Den Danske Bank has recruited foreign exchange forwards dealer Barry Smith in London as part of the bank’s bid to rebuild its forwards desk, said Matthew Couch, Den Danske's chief dealer for money markets forwards.
Citigroup names new global head of FX options
Citigroup has made Steven Reiter global head of foreign exchange options, replacing Ian Robertson, who filled the post temporarily after the departure of former options head Jack Jeffery in December.
Deutsche hires boost Iberia derivatives coverage
Deutsche Bank has poached Juan Jose Macias from Barclays Capital and Virilo Moro from Dresdner Kleinwort Wassertstein (DrKW) to boost its derivatives business in Spain and Portugal, following its earlier hire of Mariano Aldama as head of debt captial…
DrKW appoints new deputy head of equity derivatives trading
Dresdner Kleinwort Wasserstein (DrKW) has expanded its equity derivatives business with the hire of Areski Iberrakene as its deputy head of equity derivatives trading. He is due to join the bank next week.
Lim bows out as Merrill EMEA fixed-income head
Merrill Lynch’s European, Middle East and Africa (EMEA) fixed-income head TJ Lim has resigned, a move some observers believe is the result of his being passed over for promotion when the US investment bank reshuffled its debt division late last year.
Prosecutions of Enron staff highly unlikely, says ex-employee
A senior ex-Enron employee at the heart of the scandal that led to history's largest corporate bankruptcy told RiskNews' sister publication Energy & Power Risk Management that he expects no prosecution to be brought against Enron staff.
Operation information
Although the industry has undertaken work to improve the transparency of hedge porfolios, fund managers' opinions differ over just how transparent funds should be
that's The long and short of it
Running a successful hedge fund is a proposition worlds away from mastering long-only portfolios, but managers who have made the transition to a long/short environment are rising to the challenge
The jury is out
Do hedge funds flourish better in boutiques or institutions?
Axa opens first Asian long/short equity fund
EQUITY | asian absolute fund has been added to axa's hedge line up
Deutsche to offer ALM research
Deutsche Bank has hired David Prieul and Vladyslav Putiatin from Lehman Brothers to provide asset liability management (ALM) strategy research to its customers.
Cantor's Fry to head TradeSpark
Harry Fry has stepped up from his position as managing director of Cantor Fitzgerald’s energy derivatives and market data business to become president of TradeSpark, the electronic energy commodity market-place formed by Cantor and its online brokerage…
Crédit Lyonnais boosts Asian team
French bank Crédit Lyonnais has made three new appointments to its Asian derivatives operations, as part of a drive to boost its interest rates teams in the region.
The Impact of Basle II on the Dealing Community
Overlook the implications of Basle II at your peril, says Garfield Hayes, head of marketing communications at Wall Street Systems.
DrKW adds to credit derivatives team
Dresdner Kleinwort Wasserstein (DrKW) has hired two ex-Gen Re staff to boost its credit derivatives team in New York.