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Trader and equity derivatives heads depart DB
Two senior equity derivatives heads and one equity derivatives trader have left Deutsche Bank after it reported €386 million in losses on its equity prop trading book.
Quant Congress Europe: Regulatory focus to switch to leverage
At the keynote address at the European Quant Congress in London today, Peter Praet, executive director in charge of financial stability at the National Bank of Belgium, said that the Basel II regulatory framework will be revised to look more closely at…
Renewables call for transmission build
Many US states have ambitious renewable energy targets, but billions need to be spent on transmission infrastructure if this new power is to come on line. Susan Arterian Chang looks at the challenges involved in creating the interstate transmission…
Energy sector rivals banking for big bonuses
No longer banking’s poor relation, the energy sector is looking increasingly attractive to job seekers as salaries have increased by 12% and average bonuses have risen by a record 21% in 2008, according to consultancy group GRS.
JP Morgan closes prop positioning unit
JP Morgan is closing its proprietary positioning unit, entailing significant job losses among its 80-strong staff.
UBS risk chief steps down
Joseph Scoby, who has led UBS' risk department during one of the most disastrous years in the bank's history, has stepped down, to be replaced by his deputy, Philip Lofts.
UK government sets up investment manager
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New York Fed hires Bear Stearns' ex-CRO
The Federal Reserve Bank of New York has hired Michael Alix, previously chief risk officer at Bear Stearns, as a senior vice-president in the bank supervision group.
Maybank reshuffles senior execs
Kuala Lumpur-based Maybank, Malaysia's biggest bank by assets, is reshuffling its senior management team as part of its plan to be a leading regional financial services group by 2015.
ABL strategy rocked by US fraud case may mean greater demand for due diligence
One of the better-performing strategies this year has been asset-backed lending. In the US an investigation into alleged fraud that has severely impacted some hedge funds using the strategy has knocked investor confidence. Stephen Quigley talks with…
Investors' interest intensifies in hedge funds as countries compete for business
With vast sums looking for attractive investment opportunities, the Middle East is ripe for hedge fund development. While there are significant challenges still to overcome, liberalisation and the development of viable financial service centres are…
Hedge fund industry looks set to grow as Benelux improves regulations and laws
While the Benelux union of Belgium, the Netherlands and Luxembourg does not offer a common solution for hedge fund marketing or establishment, there are opportunities to attract investment to funds and expand the industry. Jamie Wynn-Williams reports
CTAs find a profitable course in risky waters
CTA/managed futures funds have been the top performers in the hedge fund world this year. US Editor Kris Devasabai and reporters Stephen Quigley and Jamie Wynn-Williams analyse the risks facing the funds and investors in a volatile market
Hedge funds fill gap left by lack of bank-based trade financing
As avenues of traditional trade finance have dried up as a consequence of the banking crisis, hedge funds have seen an opportunity. Jamie Wynn-Williams reports
Shipping fund tames stormy waters to provide rewards for investors
The success of M2M Management is challenging long-held preconceptions about investing in the volatile shipping market. US Editor Kris Devasabai talks to the company's joint managing directors about its extensive experience and its investment strategy
High five for distressed investors
There is a celebratory mood amongst distressed debt investors. Having spent several years scratching around for opportunities in a raging bull market, their cup now runneth over. We profile five leading funds in the distressed arena
Lawmakers take aim at CDS market
Regulators have been threatening the credit derivatives market with draconian new legislation in a bid to curb practices that supposedly exacerbated the current turmoil. But the lawmakers' belligerent comments are somewhat akin to closing the windows…