FX Invest Europe
Integrate to accumulate
Increased volatility, lower availability of credit and emerging market expansion is accelerating the integration of cash management and FX, says Laurence Neville
Responding to change
Purnur Schneider and Christopher Cruden at Insch Capital Management in Lugano, Switzerland, use the Black-Litterman model to test strategies designed to work in changing market conditions
Foreign commodity exporters to China seek RMB settlement after US fiscal cliff fears
Foreign commodity firms operating in China are settling via RMB in order to circumvent a potential weakening of the dollar
Margin for OTC products is too high, says Pimco's De Leon
New rules would see OTC markets over-margined while futures may be under-margined. The collateral required to support OTC trading in cleared and uncleared products could have systemic implications.
StanChart launches offshore renminbi index
Dealer launches non-tradable index to track global adoption of offshore renminbi
Hong Kong insurers hedge out their US dollar exposure
Insurers in Hong Kong are revising their long-term policy of not hedging out their US dollar exposures
Banks suspend dual-currency deposit sales in Japan to re-document under new regulation
Returns on dual-currency and structured deposits will not be covered by state insurance scheme, Japanese FSA decides
Advanced Markets exits US retail market
Margin forex brokers continue to exit US market to focus on institutional business
Currency managers suffering badly in 2012, research finds
Low volatility and the eurozone crisis have combined to push currency management returns further into the red in 2012, according to JW Partners
Currency carry trade losses overshadow diversification benefits of currency
Currency manager Ugo Lancioni says investors still scarred by losses linked to carry trades are missing out on the diversification benefits of other strategies. Saima Farooqi reports
Are currency managers adding value?
Latest edition of FX Invest now available
Treesdale launches emerging markets global macro hedge fund
Treesdale Partners has launched an emerging markets-focused global macro hedge fund managed by Tiger alumnus Yoon Chang and ex-Barclays trader Ashley Honey
Offshore deliverable renminbi derivatives market grows despite fall in trade volumes
Despite a fall in offshore renminbi trade volumes, dealers say corporates are making increasing use of CNH forwards and options markets to hedge price exposure. Joti Mangat investigates
Australian regulators clamps down on leveraged forex trading
Australia joins global regulators to roll out rules protecting retail foreign exchange client assets
Currency cliff-hedging
Imran Ahmad, emerging markets FX strategist at Royal Bank of Scotland in London, suggests a hedge against slowing US growth next year in the absence of a quick resolution to the US economy's fiscal issues.
European OTC clearing documentation faces delay
Complications over close-out mechanisms and segregation models will delay the European addendum by up to three months, say dealers
CFTC cross-border guidance a threat to ‘systemic stability’, say Asian regulators
Leading regulators from across Asia complain of the potentially negative impact of the US regulator’s latest proposals
Hedge funds moving more assets into prime custody accounts with active management
A move to separate custody accounts since the financial crisis has turned into a major trend with hedge funds now placing a growing portion of their unencumbered assets with prime custodians.
FX Concepts’ Taylor turns bearish on US dollar
The head of $3 billion hedge fund FX Concepts says the Federal Reserve’s open ended quantitative easing programme will drive the US dollar lower in coming months.
Central banks turn to RMB assets
Central banks in Asia are diversifying their holdings into RMB, marking the latest stage in the currency’s internationalisation
Insight Investment to acquire currency manager Pareto
Pareto Investment Management will become part of the Insight group from January 2013
Optim Invest launches as BNP Paribas IP exits currency management
D'Hautefort revives Overlay Asset Management as Optim Invest, says demand for currency management buoyant
Morgan Stanley adds Ortus and Quaesta to FX Gateway
US bank continues expansion of currency manager platform
Insight appoints FX strategy veteran as head of currency
Paul Lambert, head of currency at UBS Global Asset Management, will join Insight Investment in September