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NYSE Liffe will introduce weekly options on three of the most liquid shares traded on the Amsterdam market on 16 July: ING Group, Royal Dutch Shell and ArcelorMittal.
These contracts, which will provide investors with more opportunities to trade the major Amsterdam blue chip stocks, are the first ever weekly options on individual shares in Europe.
The key attraction of weekly options is that they cost less to trade than longer-dated alternatives. Generally the premium payable on short-lived weekly options is lower because its time value element is smaller.
For the same reason they also offer greater leverage: according
As a result of recent frauds and Ponzi schemes, a Madoff effect has developed, altering the nature and scope of investor due diligence, according to a study by Corgentum Consulting.
The data also shows that in anticipation of stricter hedge fund regulation fund of hedge funds are focusing the bulk of their due diligence efforts on legal, compliance and regulatory risks.
The study, The Madoff Effect – An Analysis of Operational Due Diligence Trends, is based on data from over 200 global hedge fund allocation organisations including fund of hedge funds, endowments, foundations, corporate pensions, family offices, large independent financial
Threadneedle has launched the Threadneedle Enhanced Commodities Fund, which will provide investors with an opportunity to invest in an actively managed long-only Ucits III fund with exposure across the commodity spectrum.
David Donora, manager of the new fund, says: “Threadneedle’s fundamentally driven investment model provides an ideal platform from which to operate this actively managed commodities fund. It is philosophically consistent with our approach of independent thinking and disciplined decision making that aims to achieve significant outperformance over passive commodity investing.
“Because the commodity markets are always evolving I believe the way forward in generating superior returns over the long
Gramercy has hired Jeffrey Grills and Gunter Heiland to establish investment management strategies focused on emerging markets debt.
Grills and Heiland join Gramercy from JP Morgan Asset Management, where they served as portfolio managers and co-heads of the emerging markets debt group.
Gramercy, a dedicated emerging markets investment manager, is headquartered in Greenwich, Connecticut and was founded in 1998. Today the firm manages over USD2.6bn in a number of emerging markets investment strategies.
On 1 July the new team will launch three emerging markets debt strategies: emerging markets US dollar sovereign debt, emerging markets local currency sovereign debt, and emerging
Quicken Loans has licensed Response Analytics’ Mortgage Asset Management solution to support its workflow for managing residential loans.
Quicken Loans, a 50-state, direct-to-consumer retail mortgage lender with more than 3,000 team members, is the nation’s largest online retail mortgage lender and the fifth largest retail mortgage lender overall.
Response Analytics’ software will be used by Quicken Loans when evaluating how to maximise the value of the loans it reviews for business partners.
“Response Analytics’ software will be very useful in helping us continue to evaluate our partners’ portfolios, while ensuring we continue to maintain the efficiency that has been
Law firm Fried, Frank, Harris, Shriver & Jacobson has hired derivatives lawyer Robert McLaughlin as a partner in its asset management and financial services practices.
McLaughlin, whose clients include investment and commercial banks, investment management firms, individual investors, corporations and government-sponsored entities, is the author of Over-the-Counter Derivative Products: A Guide to Business and Legal Risk Management and Documentation.
McLaughlin’s practice concentrates on financial transactions with an emphasis on over-the-counter derivatives, structured products, synthetic investments and credit extensions, as well as derivatives claim trading.
He regularly advises market participants on legislative and regulatory developments.
He has extensive experience structuring and
Deutsche Bank has hired Anita Nemes as global head of capital introduction, based in London.
She will spearhead the ongoing effort to provide Deutsche Bank’s hedge fund clients with access to institutional sources of capital, which has been one of the most significant growth areas for hedge funds since 2008.
Nemes will join the bank in October from Merrill Lynch where she was global head of capital introduction. She will report to the regional heads of prime finance sales.
Rich Herman, global head of institutional client sales at Deutsche Bank, says: “Our hedge fund client base is very
The International Capital Market Association has appointed Gilles Lindental of Louis Capital Markets to chair the ICMA France and Monaco region.
Lindental will co-ordinate ICMA’s activities in France and Monaco in support of its members, focusing on strengthening relationships between members in the region, identifying the specific concerns and interests of French members and expanding membership in France.
Martin Scheck, ICMA chief executive, says: "Gilles brings a wealth of professional experience as well as energy and enthusiasm to the chairman’s role; he will be an immense asset to the association in developing services and support for our French members.”
Mary Chris Gay (pictured), portfolio manager of the Legg Mason US Equity Fund, explains how low inflation rates, slack in the economy and continuing high rates of unemployment have put the US in a ‘sweet spot’ of the equity investment cycle…
Whilst we don’t believe the US will necessarily lead the global recovery, what is certain is that it has moved from recession to recovery and there is little evidence that the US will slip back into recession. The balance of the economic reports in the US have been positive and we believe the market is underestimating the powerful cyclical
A selection of the most influential business leaders working in today’s financial markets converge on Jersey in September to take part in the Exchange’s second international business summit.
In a wide ranging agenda, the one day Summit will tackle issues affecting future investment decisions and assess the regulatory changes emerging. It will aim to clarify where the engines for global growth are and how investment professionals can manage risk in current markets..
To make the event as meaningful and thought provoking as possible, the Exchange has invited a world class line up of speakers to reflect a cross section of
