Risk magazine
Shell picks ZaiNet for carbon trading
Shell Energy Trading has licensed the ZaiNet emissions trading software, produced by SunGard, to manage its global carbon dioxide portfolio.
Deutsche grows asset finance division
Deutsche Bank has hired former JP Morgan vice-president Dennis Knitowski as a director in asset finance within the global markets division.
Goldman poaches Asian warrants specialist from SG
Cheril Lee has quit Société Générale in Hong Kong to head Goldman Sachs’ warrants business for Asia ex-Japan.
Bank of America hires seven for London sales team
Seven new senior salesmen have joined Bank of America's London-based global markets sales team from other major banks, making the team, led by Brian Heyworth, a third larger than at the start of the year.
Autos still most active CDS in US and Europe
The effect of Standard and Poor's downgrading the credit ratings of debt owned by Ford and General Motors two months ago is still washing through the credit default swap (CDS) market.
Deutsche launches European ABS index
Deutsche Bank has launched a European AAA floating-rate securitised bond index. The index will capture the performance of the European asset- and mortgage-backed securities market and focuses on the largest and most liquid AAA component of euro…
CFTC freezes hedge fund over derivatives 'fraud'
The US Commodity Futures Trading Commission (CFTC) has obtained a federal court freeze on the assets of a $230 million hedge fund following an investigation of the fund’s operators for fraud.
Mizuho kick-starts insurance derivatives business
London-based Mizuho International has unveiled an insurance derivatives business, to be headed by newly appointed Stefan Roggenkamp.
Icap prepares for money broker JV in China
Interdealer broker Icap aims to be the first foreign company to enter the Chinese money broking sector, after Chinese regulators said they would relax rules previously banning the practice.
Dealing with volatility
Dealing with volatility
De-leveraging credit risk
Leverage
A marked difference
Credit opinions
Nerves of steel
Credit opinions
A long-term engagement
Corporate profile
Risk rationalised
Risk rationalised
A rise in VAR
Risk management
Pushing boundaries
Sharia-compliant CDOs
Credit risk
Introduction
A CDO backlash?
Comment
Rethinking policy
Pensions
FSA looks into hedge fund risks
New Angles
Specialist credit manager Credaris taps CEO
Credaris Portfolio Management (CPM), a credit-focused asset management company, has hired Andrew Donaldson as chief executive officer. Donaldson joins from JP Morgan Securities, where he led the investor client management practice for European banking…
The two-factor Black-Litterman model
Over the years, an increasing number of practitioners have been using the Black-Littermanmodel to make tactical asset allocation decisions. The model generates more stable resultsthan classical mean-variance optimisation and incorporates return forecasts…
Bond execution models
While research on the optimal execution of equity trading has become popular, a study of this kind has not yet been done with regard to the bond market. In this article, Koichi Miyazaki presents a bond execution model that incorporates the strong…