In a move designed to calm the markets ahead of trading today, JPMorgan Chase (NYSE: JPM) is acquiring the crippled Bear Stearns Companies Inc for USD2 per share, a ninety per cent discoun
The international derivatives market Eurex Exchange will introduce currency derivatives (FX contracts) as exchange-listed products as of 7 October. Eurex Exchange will initially offer futures and options on the following currency pairs: EUR/USD, EUR/GBP, EUR/CHF, GBP/USD, GBP/CHF and USD/CHF.
Hedge funds see institutional credibility as a key element for profitability and achieving growth, according to new research. The report, Hedge Fund Trends and Challenges: Achieving Institutional Credibility, is to be published next week by SunGard Financial Systems and
New York-based alternative investment manager Cadogan Management has announced the appointment of John Trammell, 50, as president to work alongside chief executive Stuart Leaf to manage an
New York-based credit and equity asset manager BlueMountain Capital Management has hired Scott Lessing as head of corporate research and Derek Smith as a senior portfolio manager.
BNP Paribas Securities Services has launched its global Dealing Services solution in the UK – a new concept providing institutional investors access to a network of dealing teams using sophisticated dealing technology and covering all asset classes. The broker
YellowJacket, a over-the-counter energy derivatives trading network and solution provider, has joined up with Seccas, an outsourced provider of e-messaging compliance solutions to public a
Investment management consultancy Laven Partners has worked with precious metals trading company Hinde Capital to launch a dedicated gold hedge fund, the Hinde Gold Fund, in little more th
The Collective Investment Schemes Regulations of November 2005, along with a subsequent ministerial order, a circular from the Comisión Nacional del Mercado de Valores (CNMV, the Spanish Sec
NYSE Euronext has agreed to acquire the CME Group’s metals business, with trading of gold and silver futures and options on futures contracts set to begin later this year on Liffe Connect,
