Equity markets

Pricing with a smile

In the January 1994 issue of Risk, Bruno Dupire showed how the Black-Scholes model can be extended to make it compatible with observed market volatility smiles, allowing consistent pricing and hedging of exotic options

Riding the storm

Germany's national carrier, Lufthansa, was hit hard by the September 11 terrorist attacks. The airline's chief risk officer talks to Gareth Gore about how the shock event brought about sweeping changes to its liquidity risk management

Supervisory clampdown

South Korea's financial regulator is cracking down on foreign dealers doing illegal onshore derivatives business, signalling it is taking a tighter grip on the securities market ahead of major rule changes due in 2009. Joe Marsh reports from Seoul

Home ground disadvantage

Christopher Donoho and Marc Gottridge of Lovells discuss whether US Bankruptcy Court 'avoidance' powers bring up more risks for investors in, and prime brokers to, hedge funds

At your service

Hedge Funds Review gathered 10 of the administration industry's great and good to share their thoughts on the most pressing issues facing the industry today...

From alpha to omega

It's all about higher moments. The kind where you decide what is really important about what you do and how you allocate your resources. Lionel Martellini presents the Edhec guide to hedge fund enlightenment

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