Risk magazine
Asset managers increasingly use derivatives
Traditional fund managers are increasingly using exchange-traded equity derivatives, as their investment strategies move away from long-only strategies in favour of absolute return, portable alpha and yield enhancement.
Lehman hires for fixed-income expansion in Italy
Lehman Brothers has appointed Corrado Giovanelli to the new position of head of interest-rate product distribution for Italy, in an expansion of its fixed-income operations in the country.
RBS appoints former Dresdner derivatives head
Matteo Mazzocchi, former global head of equity and credit derivatives at Dresdner Kleinwort, has moved to Royal Bank of Scotland (RBS).
Klein returns to Deutsche Asset Management
Frank Klein has joined Deutsche Asset Management (DeAM) as its global head of institutional product management and development. He will be based in Frankfurt and report to Roelfien Kuijpers, New York-based global head of institutional business.
Bear hires Sun to lead Asia structured finance team
George Sun has joined Bear Stearns as head of structured credit marketing, Asia, in Hong Kong. He started his new position in March.
Probitas Partners hires new principal
Adam Frieman has joined California-based liquidity and portfolio management services firm Probitas Partners as a principal.
ABN Amro makes loan appointments
Dutch bank ABN Amro has appointed three new staff to its loan syndicate, sales and trading team.
AXA IM appoints UK head
Paris-based Axa Investment Managers (Axa IM) has appointed Martin Hall as head of Axa IM UK, effective from June. He will be based in London and report to Nathalie Boullefort-Fulconis, global head of sales, marketing and client services at Axa IM.
Eurex to launch UK equity futures
Frankfurt-based derivatives exchange Eurex plans to list 17 sterling-denominated single-stock futures in May.
US employers reduce employee stock options
US companies are reducing stock option plans in favour of other types of compensation, according to Connecticut-based financial research firm Greenwich Associates.
Exchange-traded credit derivatives disappoint
The world’s first exchange-traded credit derivatives, which were listed by Frankfurt-based Eurex on March 27, have posted lacklustre trading volumes, with only one major dealer making markets in them.
FPP expands Ukrainian investment-management team
Fabien Pictet & Partners (FPP), a London-based fund-management company, has recruited Daniel Rutz to head its Ukrainian investment-management team.
RBS appoints credit derivatives structurer
The Royal Bank of Scotland (RBS) has hired Marc Freydefont as senior credit derivatives structurer.
ISE announces succession plan
The International Securities Exchange (ISE) has announced its senior management succession plans, following the news that David Krell, president and chief executive, will retire on January 1, 2008.
DBRS strengthens EMEA structured finance group
Toronto-based ratings agency DBRS has appointed Niclas Sandstrom to its structured finance quantitative group in London. His appointment continues the growth of DBRS’s Europe, Middle East and Africa (EMEA) team.
Dresdner Kleinwort makes forex hires
Dresdner Kleinwort, the investment banking arm of Dresdner Bank, has made a number of new additions to its foreign exchange team.
Calyon bolsters global high-yield team
Calyon has added to its global high-yield team by hiring David Weinstein and Stephen Elliott.
UK RMBS market remains buoyant
The UK residential mortgage-backed securities (RMBS) market is not expected to experience the same problems that that have blighted the US subprime mortgage market over the past few months, according to analysts from Fitch Ratings.
Commodities to become a core asset class, FSA predicts
The UK Financial Services Authority (FSA) predicts commodities will become a core asset class for all diversified portfolios.
OCC reports increase in CDS use by US banks
The US Office of the Comptroller of the Currency (OCC) reported that the notional amount of credit derivatives held by insured US commercial banks rose to $9.0 trillion at the end of 2006. This represents a 55% increase from the $5.8 trillion reported at…
Introduction
Nordic risk
Much ado about little
Nordic risk - Pensions
Of spikes and sell-offs
Equity derivatives - Volatility