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The legal stability of credit-default swap contracts has come under threat from a ruling against Société Générale in the U.S. District Court for the Southern District of New York.
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The appeal of over-the-counter options on the VIX volatility index is picking up, in spite of the launch of exchange-traded options on the index in February.
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Demand for zero-coupon bonds coupled with equity tranches is gaining ground as high-yield investors latch onto the leveraged structures to beef up risk/return profiles.
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Barclays Capital in London has hired Nagi Bedawi, a trader at hedge fund Eton Park Capital Management.
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About 2,000 industry officials gathered at The Waldorf=Astoria in New York last week for Bear Stearns' seventh annual Collateralized Debt Obligation Conference.
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Ken Sue, head of the investment products group for Asia at Deutsche Bank and a veteran of the Hong Kong equity derivatives market, will be retiring later this summer.
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Duke Funding Management, the collateralized debt obligation arm of USD17.5 billion Ellington Management Group, is managing its second hybrid synthetic CDO.
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Deutsche Bank has hired Shen Yang, head of fixed income sales for non-Japan Asia and Australia at Credit Suisse in Hong Kong.
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A spike in equity implied volatility Wednesday triggered widespread talk of losses at hedge funds, which have been stepping up vol-selling strategies in the last few months.
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The 25 basis point interest-rate rise in the U.S. prompted emerging-market sovereigns' credit spreads to jump.
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High recovery rates and derivatives accounting changes have contributed to the dramatic growth of new investors and liquidity in the credit derivatives market.