Risk magazine
The threat to fund managers
Feature
Insurers weather US storms
New Angles
People
People
With a bang or a whimper?
Feature
The revolution starts here
Russian derivatives
Credit funds weigh LBO risks
New Angles
GFI launches electronic CDS index trading in the US
GFI Group, the New York based inter-dealer brokerage, has launched its electronic credit default swap (CDS) trading system, Creditmatch, in the US.
Learning from Esops’ fables
Corporate Risk
Goldman Sachs to lose two top forex prop traders
Goldman Sachs is to lose its two chief London-based prop traders at the end of the year.
Merrill Lynch to offer algorithmic engine to buy-side
Merrill Lynch is slated to join a growing array of major sell-side firms that will allow third-party access to their algorithmic trading engines.
Trading volumes surge on rupiah volatility
Trade volumes in the Indonesian rupiah surged by around 50% when markets reopened following the presidential elections last week.
EBRD selects S&P portfolio risk tool
The European Bank for Reconstruction and Development (EBRD) has chosen Standard & Poor’s (S&P) portfolio risk tracker (PRT) tool for its treasury operations. The move represents a blow to rivals Moody’s KMV and RiskMetrics, whose product, CreditManager,…
BoNY and Wilshire offer risk management services
The Bank of New York (BoNY) and California-based investment management and technology firm, Wilshire Associates, have formed a partnership to provide risk management services.
Wharton launches first fund of hedge funds
London-based Wharton Asset Management, which has $4 billion of assets under management, has introduced its debut fund of hedge funds.
CME opts for European-style options
The Chicago Mercantile Exchange (CME) is converting all its standard equity index options from American to European-style options.
Credit derivatives professionals slam IAS
Financial market participants have slammed International Accounting Standard 39 (IAS 39) for financial hedge instruments, according to a British Bankers’ Association (BBA) credit derivatives survey.
Hedge fund credit derivatives trading surges, says BBA
Hedge funds are expected to have a greater share of the credit derivatives market than securities firms by 2006, according to a British Bankers’ Association (BBA) survey published this week.
RBS offers freight derivatives
Royal Bank of Scotland (RBS) has started offering shipping derivatives, in the form of forward freight agreements (FFAs) linked to the transport costs of bulk commodities to its client base.
Lehman raids BNP Paribas’ credit team
Lehman Brothers has taken three new credit strategists from BNP Paribas. The US firm has made Alan Capper chief strategist, along with David Brickman, and named Gregory Venizelos as a research analyst. They will be London-based, reporting to John Wilson,…
Deutsche Bank hires head of European insurance origination
Deutsche Bank has hired Mark Woolley to head up the German bank's European insurance origination department, part of the company’s debt capital markets division.
Lloyds TSB hires liquidity risk and balance sheet manager
Lloyds TSB, the UK bank, has hired Mark Preston as a new managing director in its financial markets unit that manages liquidity risk and balance sheet requirements.
Icap launches repo benchmark index
Icap, the London based inter-dealer brokerage, has launched a range of indexes for the repo market.