Equity markets

Dollar distress

Scottish Power has announced a £400 million cash windfall through its currencyhedging programme. Others have not been so lucky – but everyone is nowwaking up to currency trading. By James Ockenden

Unifying volatility models

This article introduces a method for building analytically tractable option pricing models that combine state-dependent volatility, stochastic volatility and jumps. The eigenfunction expansion method is used to add jumps and stochastic volatility to…

funds look east as euro rises

As the global economy strengthens, Hedge Funds Review's survey of fund managers suggests they are switching European long/short for similar strategies in Asia and the US

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