People
New CFTC commissioners confirmed
The US Senate last week approved Jill Sommers and Bart Chilton as commissioners in the Commodity Futures Trading Commission (CFTC).
Liffe hires business development heads
Liffe, the derivatives subsidiary of Euronext, has appointed two business development directors as a result of the merger between Euronext and the New York Stock Exchange.
Morgan Stanley IM hires Kos to head sovereign arm
Dino Kos has joined Morgan Stanley Investment Management Asia in Hong Kong as head of central banks and sovereign wealth funds.
UBS replaces global head of fixed income
Andre Esteves has been appointed global head of fixed income at UBS after the departure of predecessor Simon Bunce.
Fortis expands commodities teams with UBS hires
Belgian-Dutch bank Fortis is expanding its commodity risk group with the hire of a metals team from UBS.
Bear Stearns president quits
Warren Spector, co-president and co-chief operating officer of Bear Stearns, has become the latest and highest-ranking casualty of the failure of two of the bank's hedge funds.
Diederich leaves Credit Suisse for hedge fund
Stephane Diederich will join hedge fund manager Brevan Howard on September 19, after 13 years at Credit Suisse, where he was managing director, head of equity derivatives product management.
Diederich leaves Credit Suisse for hedge fund
Stephane Diederich will join hedge fund manager Brevan Howard on September 19, after 13 years at Credit Suisse, which he leaves as managing director, head of equity derivatives product management. Diedrich joins Brevan Howard as a partner tasked with…
NYSE Regulation names two new heads
Robert Marchman will take over the enforcement division at NYSE Regulation, the organisation responsible for the NYSE group of stock exchanges, and John Malitzis will lead its market surveillance group.
The magic of macro...
While getting the strategy and manager mix right may be the 'visible' end of a successful fund of hedge funds house, Permal's Omar Kodmani explains to Solomon Teague advances, such as those in technology are also allowing the $35bn London house to…
Eagle-eyed regulators make compliance and control allocators' key in loan market
loans/distressed debt
Best of breed
Hedge Funds Review honoured Europe's most successful single hedge funds managers and hedge fund groups in July, in London, at its annual single-manager European Performance Awards. The envelope please, and the winners were…
The best possible outcome...
Whether trading on exchanges or outside their boundaries, managers will find themselves compelled by the Markets in Financial Instruments Directive to ensure they are measuring, achieving and monitoring 'best execution.' But London lawyers counsel…
Smart money
ION Asset Management has made quite an impression managing its Israel long/short equity fund, chalking up 34.7% net in its first year to 30 June. David Walker spoke with ION's co-founder Stephen Levey (pictured below) to find out more...
Basel bonanza a boon for cold hard cash
While hedge funds may be used to holdings in cash management funds for investor redemptions, Basel II has given banks a greater incentive, to allow their use as collateral as well, Solomon Teague reports
The new foundation for hedge funds
Foundations and endowments are keen on hedge funds, but you've got to know what they want, write Jamie Wynn-Williams and Phyllis Feinberg...
The easy path to permanent capital Nirvana...
Listing funds is one way of raising capital that sticks, Alpha Strategic shows managers there's more than one way to skin this cat, as Solomon Teague writes
HSBC hires Miller from Natixis
New York-based Eric Miller has joined HSBC Global markets as a managing director, responsible for distributing and marketing structured products to third parties. Miller reports to Todd Fruhbeis, HSBC’s head of wealth management and structured products…
Credit Suisse joins global warming index world
Credit Suisse has launched a new global warming index, offering the opportunity to invest in renewable energy and carbon controlling stocks which are selected by the bank’s equity research and Holt teams.
BarCap investor solutions in Italy hires Boaron
Barclays Capital, the investment banking division of Barclays Bank, has hired Fabrizio Boaron as a managing director and head of private bank coverage, Italy for Investor Solutions, the retail distribution arm of BarCap.
Foreign exchange - Algos a go-go
Structured products