Risk magazine - VOL 15 / NO 4

Fannie and Freddie – a look under the lid

Fannie Mae and Freddie Mac are two of the largest and most sophisticated participants in the US interest rate derivatives market. But criticism of their risk management has been growing. Is the market safe?

Hedge fund risk and VAR uncertainty

External transparency of the risk of hedge funds continues to be a difficult issue. But even internally, traditional risk measures can fail to portray the full implication of highly leveraged positions. David Rowe argues that the parameter sensitivity of…

Servicing the e-industry

Investing in IT infrastructure development is essential in today’s often fractured environment of rival software languages and specific trading needs. Clive Davidson discovers what is on offer to bring these disparate elements together

Job moves

QUOTE OF THE MONTH: - “I have come to you with a problem – we need to outsource our balance-sheet funding” From an e-mail sent last year by John Rusnak to an unnamed counterparty, referring to his deep-in-the-money options trades, or ‘synthetic loans'.

Engineering forex

Mathematical Methods for Foreign Exchange – A Financial Engineer’s Approach, by Alexander Lipton World Scientific 700 pages, $75 (hardback), $48 (paperback) ISBN 981-02-4615-3 (hardback) ISBN 981-02-4283-7 (paperback)

Catch 22 for corporate liquidity

Companies facing relatively minor business difficulties are being shut out of the commercial paper market, forcing their treasurers to scramble for alternative financing to avoid insolvency. Is there any way to manage this liquidity risk?

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