Derivs - Equity

Kratter Capital, an equity options hedge fund led by Clarium Capital alum Matt Kratter, is profiting from what it views as a market characterized by zig-zags in stock prices and high volatility.

Uncertainty over the tax treatment applied to a new wave of swaps giving non-resident foreign investors exposure to single-name Saudi Arabian stocks is threatening to dampen interest in the instruments.

JPMorgan is planning a fund that will base a series of equity derivative trades globally off early signals of Chinese inflation.

Andreja Cobeljic, a senior index derivatives trader from Goldman Sachs in London, has joined hedge fund CQS.

Dean Murray has joined Bank of America as manager of its hedge fund sales team, as it looks to build its flow business in London.

Yannick Mallegol has joined Barclays Capital as managing director and head of equity derivative flow sales in London.

Société Générale has hired Kelly Broadhurst, an equity derivatives staffer at UBS, to cover equity flow sales to mutual funds.

Former Morgan Stanley big hitter Benedict Peeters this week joined Fortis Investments as its global head of structured products business in Brussels.

JPMorgan is pitching Eurostoxx straddles on BNP Paribas as a way to exploit relative cheapness of index volatility.

Citigroup’s former global head of fund of funds sales, Marc Fisher, is expected to land at London-based shop FRM this month.

Societe Generale is set to merge its Japanese and Hong-Kong based hedge fund derivative sales teams.

Barclays Capital is plugging a pick-up in long equity volatility positions as its strategists predict a downturn in European earnings growth through next year.