New hedge fund rules may require health warnings
Source: Business Report
The Financial Services Board (FSB) has just published the long-awaited hedge fund regulations, but what exactly do they mean? More...

Hedge funds break bank trading monopoly
Source: FinancialNews-US.com
Investment banks have lost their monopoly to trade with one of the world’s leading interdealer brokers. GFI, one of the largest brokers in the off-exchange markets, is allowing hedge funds direct access to one of its main trading systems, a controversial move that risks alienating its largest dealing customers. More...

Where will the young lions turn now?
Source: The Globe and Mail
The proliferation of hedge funds over the past two decades has created a coterie of managers who have been able to transform their talents into immense wealth. Some have been spinning their investment acumen into gold for a long time, like the wily George Soros and the irrepressible T. Boone Pickens, who at 78, is still tacking on extra billions to his stash. More...

Freight and carbon credits help hedge funds
Source: Financial Times
Only three strategies adopted by hedge funds appear to have survived unscathed the rout of the sector last month, as the ‘absolute return’ industry again mostly failed to protect investors against market turmoil. More...


More of Today's Stories continued below...  or  Today's Stories unabridged on the web

Mortgage backed finance to experience slowdown : Kamath
Source: The Economic Times
Owing to high interest rates prevailing in the country, mortgage backed finance was set to experience a slowdown, MD and CEO of ICICI Bank K V Kamath said.

Kamath told reporters on the sidelines of a CII meet here today that high interest rates were impeding growth of the industrial sector and the light engineering and transportation sectors had been already hit due to this. More...

No immediate ratings impact for Victoria Mortgage-backed RMBS deals - Fitch
Source: Forbes
Fitch Ratings said it foresees no immediate impact on the ratings of residential mortgage-backed securities (RMBS) transactions backed by loans originated by Victoria Mortgage Funding Ltd (Victoria) in light of the British subprime mortgage lender going into administration.

The two Fitch-rated UK non-conforming RMBS transactions in question are EuroMASTR Series 2007-1V PLC (EuroMASTR 07-1) and ResLoC UK 2007-1 PLC which are fully and partially backed by loans originated by Victoria, respectively, the ratings agency said. More...

Are relaxed derivative norms for FIIs ok?
Source: The Economic Times
The proposal by Sebi to allow FIIs to use AAA-rated foreign government securities in lieu of cash for payment of margins against positions in derivatives is a move in the right direction. The measure would allow FIIs to use their holdings in, say, US government securities to take position in the Indian equity derivatives market. There would be several benefits from the introduction of this facility. More...

Euroclear Bank Moves Into OTC Derivatives
Source: Mondo Visione
Euroclear Bank will launch an exposuremanagement service for over-the-counter (OTC) derivatives trades before the end of the year. Euroclear Bank’s ‘DerivManager’ service will reduce valuation and collateral disputes, operational costs and errors in exposure calculations. More...