Equity markets
Sharpe justification?
There are crucial limitations to this measurement that must be considered, says a leading futures manager
Basel II: Time to prepare
Following the publication of the third and final consultation paper, Japan's banks are focusing more seriously on Basel II. With the new requirements set to take effect from 2006, most banks face a critical year ahead.
Reputation in automation
The introduction of ISO 15022 brings a glimmer of hope to those wrong-footed by nonautomated corporate actions. Pamela Brewster, senior analyst at Celent Communications looks at limiting errors and containing costs.
Long-only fund managers will adopt hedge fund techniques, says DB researcher
Many arbitrage techniques currently used by hedge fund managers will move into the long fund community, according to Leigh Baxandall, global head of equity derivatives strategy at Deutsche Bank in London.
SG to be first to market with UK currency warrants
SG, the investment banking arm of Société Générale, will issue the first currency warrants in the UK next week. The move follows the release of warrants linked to oil, gold and house price moves by Goldman Sachs, SG’s biggest rival in this area.
The Corporate Action Challenge
Concern (often justified) over the maturity of third-party systems and the lack of industry standards is putting the brakes on the progress of corporate-action automation.
Bursting the bubble
Credit of the month
Losing track?
Tracking error
Job moves
People
Basel II: Time to prepare
Basel Accord
Trailing expectations
South Korea
Stick to what you know
Many merger and acquisition arbitrage managers strayed from their chosen strategy as M&A activity dried up last year, causing consternation among their investors. Pioneer Alternative Investments' fund aims to follow its chosen remit resolutely
Weaving a basket strategy
Basket products are useful tools for those investors seeking to build diversified portfolios to their own specifications
Continuing high volatility cramps the style of equity market players
US long/short funds are looking forward to fundamentals winning over volatility
Risk Italia 2003: Italian covered warrants market will recover
The Italian covered warrants market will recover, despite recent falling volumes, said Marco Montanari, head of the Italian covered warrants market at SG, speaking today at Risk 's inaugural Risk Italia conference in Milan.
Goldman launches warrants on UK house prices
Goldman Sachs will launch warrants linked to the UK residential housing market tomorrow, the investment bank said in statement today.
Faith in the futures
Profile
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Japanese banks: Turning up the heat
Japan's banks have faced a gruelling few months in the run-up to the fiscal year-end, with a plunge in equity prices putting severe pressure on capital ratios. But a further crisis may be just around the corner, writes Nick Sawyer.
Across the channel
JPMF tries to meet continental demand for market portfolios with its latest fund offering
What everybody ought to know about this credit business
CDS guide: introduction
The big freeze
Cover story