Europe
New SocGen commodities strategy expected by year-end
Société Générale plans to have fully integrated a new power and gas trading strategy by the end of 2010 after announcing the sale of its 49% stake in the 10-year Gaselys partnership with GDF Suez yesterday.
IEA cuts global oil demand for 2009 and 2010
The International Energy Agency (IEA) slashes global oil demand for 2009 and 2010, following questions over the health of the global economy, weaker-than-expected data from Asia and the Middle East, and repercussions from the volcanic ash cloud and the…
Natural gas: a story of surplus
Oversupply in the natural gas market looks set to keep prices soft in the near term. Pauline McCallion speaks to the experts about the price outlook for this year and next and what that means for the arbitrage with oil
A return to domestic inflation
Activity in Europe’s domestic inflation derivatives markets dropped away after the collapse of Lehman Brothers. Now, dealers report buyers and sellers are starting to return. But there is likely to be less warehousing of risk by banks and a greater focus…
Conference warns of rising complexity in leveraged ETFs
Investors searching for good value and transparency have flocked to exchange-traded funds. But this demand is now driving increasing complexity, and speakers at the first Art of Indexing Europe conference in Frankfurt warned of the pitfalls of messing…
CBI: Quarter of UK power plants face closure
Independent business lobby group the Confederation of British Industry (CBI) has warned the latest draft of the European Union Directive for Industrial Emissions could force at least a quarter of the UK’s power plants to close, which would raise a major…
S&P to launch commodity sub-indexes amid US regulation fears
Ratings agency and financial research firm Standard & Poor’s (S&P) is to roll out two commodity-related sub-indexes that focus only on European and Asian contracts in response to fears the US Commodity Futures Trading Commission (CFTC) will make further…
Ucit hedge funds proceed with caution
A number of hedge fund managers have launched Ucits III-compliant funds in an attempt to attract stickier institutional money. But success is far from guaranteed, with one high-profile fund recently undergoing a restructuring after failing to attract…
Remuneration: it's payback time
Disgruntled taxpayers and their political representatives are set on revenge, making bankers pay for their mistakes through compensation taxes and restrictions. But a more constructive approach will be needed to sustainably reform such a complex and…
Energy Risk: What's coming next?
Energy Risk brings you a snapshot of what's moving and shaking the markets.
Sonatrach CEO probe not affecting exports
Market fears about an Algerian oil and gas export shutdown are unfounded, say analysts, following confirmation that the chief executive of state-owned energy company Sonatrach is now under judicial review.
European Fund of Hedge Funds Awards 2009 - Winners and Highly Commended
Hedge Funds Review has announced the winners of its eighth European Fund of Hedge Funds Awards. These FoHF awards are the only ones celebrating success in the FoHF industry.
Trade of the month: Secondary trading
The secondary trading of structured products in the UK is limited by low liquidity, which is partly due to bid-offer spreads that are wide enough to deter investors. While most providers of retail structured products in the UK publish prices throughout…
Big bang: new dawn for CDS market
The 'big bang' protocol, which changes the way credit derivatives are quoted and traded, may have brought a CDS exchange one step closer