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Totem looks to expand energy derivatives pricing products
Totem Market Valuations, the London-based derivatives valuation firm, has appointed Tom Charlesworth to expand its pricing services for long-dated oil, gas and power over-the-counter derivatives.
Nem committee aims to safeguard post-Enron credibility
Michael Walker, senior vice-president of New York-based energy derivatives technology company Caminus, was today named co-head of the executive committee of the National Energy Marketers Association (Nem). Together with Lee Taylor, senior vice-president…
MMC Enterprise Risk sets up weather desk for corporates
Marsh & McLennan (MMC) Enterprise Risk, a sister company of New York-based insurance broker Marsh, is in the process of establishing a weather derivatives desk aimed at enticing corporate end-users into hedging against revenue-threatening weather…
AIB currency losses bring forex training into spotlight
Many banks are putting more emphasis on training foreign exchange dealers to minimise risk following Allied Irish Banks' loss of $691 million, stemming from an alleged currency fraud at subsidiary Allfirst in Baltimore.
The cup runneth over?
Asset flows into hedge funds are ever increasing and look set to continue for 2002. But as more hedge funds crowd the market, can the industry maintain the absolute returns expected of it, or will investors face disappointment?
Weathering the storms
Zaheer Sitabkhan reveals the investment tactics behind the successful LG Asia Plus equity fund
Stick with what you know for success
Hedge Funds Review talks to Dixon Boardman about one of the oldest fund of funds in the industry, the Optima Managed Futures Fund
Gaining the competitive edge
Sophie Radnor speaks to Mark Erenstein, the executive vice president of Garban Corporates and Pronous founder
We have lift-off
The Contracts for Difference market is enjoying explosive growth at the moment, says Cate Rocchi
Deutsche Bank hires chairman of global markets, Asia-Pacific
Deutsche Bank has named Jonathan Paul as chairman of global markets, Asia-Pacific, based in Hong Kong. Paul will be responsible for the bank's global markets business in Asia, Japan, and Australia, including its derivatives operations.
Enron considers offer for bandwidth business
Enron, which is attempting to sell off its businesses to repay creditors, may have found a buyer for its broadband network, Enron Broadband Services (EBS). Jarvis Entertainment Group (Jeg), a Texas-based internet technology and entertainment holding…
ABN Amro names Singapore head of credit structuring
Dutch bank ABN Amro has promoted MC Subramaniam to head of credit structuring and loan products in Singapore. Subramaniam will take responsibility for the bank's origination, risk management and execution activities relating to loan products business…
Merrill takes on more risk, sets up equity prop-trading unit
Merrill Lynch appears determined to take more risk on its own books as part of an effort to boost profits. The firm’s latest move is to set up an equity prop-trading unit to trade equity-linked products. The development follows a decision last year to…
Credit Lyonnais boosts Asian hedge fund team
The emerging markets arm of Credit Lyonnais has made three new hires to its specialist hedge fund team in Hong Kong.
Isda publishes FpML 3.0 specs
The International Swaps and Derivatives Association has released the working draft of FpML 3.0, which aims to increase the coverage of the standardised, electronic language to cover foreign exchange over-the-counter contracts such as forex forwards and…
DrKW adds to credit derivatives team in Japan
Dresdner Kleinwort Wasserstein has hired Michael Gordon as director of credit derivatives trading in Tokyo. He was previously a credit derivatives trader at Enron Credit in Japan.
Merrill Lynch continues FX drive with key hires
Merrill Lynch has made three key FX hires in New York and Tokyo, combating rumours that a recent exodus of dealers had left the bank’s foreign exchange business understaffed.