Free content

Calyon has recently launched its first collateralized debt obligation referenced to asset-backed securities in the Australian market.

Paul Mann, head of structuring in fund-linked products at Credit Suisse First Boston in London, has moved to CSFB's private bank in Zurich.

Corporate treasurers in the U.K. are changing their dollar hedging strategies because of the sharp fall in the U.S. currency in the last few weeks.

Daiwa Securities SMBC is preparing to structure synthetic collateralized debt obligations referenced to U.S. and European credits for its domestic clients.

Anthony Medina and Vincenzo Di Gennaro, volatility traders who left Ferox Capital Management at the end of September, are planning to launch an equity volatility fund.

The lucrative business of writing protection on hedge funds and fund of funds is under threat because traditional fund managers are getting jittery about banks using mathematical models to determine when to move cash in and out of the managers' funds.

INVESCO is looking at using credit derivatives in its cash credit funds and managing or investing in a synthetic high-yield collateralized debt obligation for the first time.

Institutional funds, lured by low option prices, are starting to purchase volatility, according to bankers.

The credit-default swap spread on Lucent Technologies tightened about 30 basis points last week after two major telecommunication deals involving the New Jersey-based company convinced investors the industry is finally making good on its promise of wireless network upgrades, said Srini Dhulipala, v.p and trader at Morgan Stanley.

London-based CPM Advisers, with EUR930 million under management, has launched a credit opportunities fund and is planning two more funds for next year.

JPMorgan plans to transfer Edmund Ng, managing director and head of rates trading in Singapore, to Hong Kong in a bid to centralize top-level management for emerging market interest rate trading in Asia.