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CDC IXIS Asset Management, the French asset manager, has become the latest institution to get involved in the fast growing hedge fund sector, with the launch of its European long/short equity fund. The fund manager believes that a rigorous approach to risk management will attract investors to the fund, which is being marketed as a low risk long/short fund.

Transactions increased: * Province of Ontario

BOC Group, the world's second-biggest industrial gas producer, has signed a £

The Republic of Cyprus this week became the latest EU convergence sovereign to follow the fad for 10 year euro benchmarks, with a Eu550m deal via Credit Suisse First Boston and Deutsche Bank. The deal proved the blowout success the market had awaited. Priced at 41bp over mid-swaps, it was twice oversubscribed and achieved the maximum size allowable under the Cypriot government's budget. With clean primary distribution, the paper hardly appeared in the aftermarket.

* Kreditanstalt für Wiederaufbau Guarantor: Federal Republic of Germany

The board of Charter European Trust went on the offensive this week, trying to outline to shareholders the true cost of Henderson Global Investors' unsolicited bid to take control of the trust. As the takeover battle entered its fourth week, Charter European sought to persuade its shareholders to reject Henderson's proposals. Charter's main complaint with Henderson's bid is the cost of implementation. Henderson has stated that its proposals, which offers investors a 75% cash exit from the trust, will cost up to 2% (£7m) of Charter's net assets to implement.

Croatia Brodosplit Brodogradiliste's debut $15m pre-export two year term loan is doing well in the market.