Derivs - Equity

Lxyor Asset Management is toying with the idea of launching a retail equity-linked fund in Hong Kong and Macau with exposure to the Hang Seng Index or a basket of regional names, but will not have capital protection.

Senior members of the European Parliament Economic and Monetary Affairs Committee are supporting calls for corporations to be exempted from over-the-counter derivatives regulation.

Private investors in Hong Kong and China are taking up hybrid structured products, requiring both a currency pair and an equity index to move in a pre-agreed direction in order to capture the upside.

Credit Suisse has structured an offering of notes linked to the iShares MSCI Brazil Index Fund with a leveraged return calculated from the fund’s lowest level over the next two months.

Goldman Sachs is marketing three-year certificates linked to the Swiss Market Index.

Lazard Capital Markets is starting a prime brokerage unit in New York and has hired a staffer to run it. The individual’s name and details on the newly created role could not be learned.

Woodlawn Advisors, the boutique founded by former Jefferies equity derivatives chief Alex Wohl, has hired two senior staffers as it continues to hunt for mid-sized hedge fund clients.

Gilles Schlutig, the former head of single stock exotics at Credit Suisse in London, has joined boutique derivatives and securities dealer Conduit Capital Markets as head of equity derivatives trading, a new role.

Equity derivatives structurers in Hong Kong said a risky equity accumulator is rumored to be on offer to high-net-worth investors.

Hong Kong’s Securities and Futures Commission plans to give investors first rights to collateral proceeds over swap counterparties in the event a retail structured product is terminated.

JPMorgan launched its warrants business in South Korea last week, initially offering six instruments tied to a range of stocks and indices—the Korea Composite Stock Price Index, Samsung Electronics and Hynix.

Barclays Capital will issue two USD100 million-plus offerings of structured notes next week—the biggest registered offerings in months.