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CAPITAL MARKETS

ABS: Better health for Italy’s regions

The 2007 Italian national budget law outlines a new framework for the country’s regional healthcare administrations. The law’s purpose is to force each region with a large deficit in its healthcare funding to formulate and implement a recovery plan. "The national budget for 2007 represents a positive step forward in finalizing a set of rules for Italian healthcare," says Simone Zampa, senior analyst at Moody’s. "It aims to make regions more responsible and more accountable."

Louise Bowman, August 01, 2007

AI market round up: GlobeOp and Archeus settle dispute

Hedge fund administrator GlobeOp and hedge fund Archeus have agreed to an amicable settlement of the claim filed by Archeus in July. Archeus shut down last year, blaming its closure on GlobeOp for its poor administration services. These, the fund said, had reduced investor confidence and led to redemptions. The filing highlighted the vulnerability of hedge fund counterparties as being held responsible for client losses, and so the settlement is largely welcomed by the hedge fund administration industry.

Helen Avery, August 01, 2007

BANKING

Equity market round up: People moves

Bank of America has appointed Derek Dillon and Doug Baird as co-heads of global equity capital markets, replacing Ciaran O’Kelly, who was named co-head of global equities in June, a role he shares with Peter Forlenza. Dillon and Baird are both based in New York and report to Forlenza and O’Kelly as well as Bill White, the global head of capital markets.

Peter Koh, August 01, 2007

AI market round up: Hedge fund assets near$3.5 trillion

Asset management research and advisory firm Carbon360 says assets under administration for hedge funds globally are $3.4 trillion. Single-manager assets under administration are $2.72 trillion, the firm claims. The figures were reported in Carbon360’s 2007 fund administration fact book, which analyses 74 hedge fund administrators.

Helen Avery, August 01, 2007

CAPITAL MARKETS

Funds listing: Competition for alternative funds IPOs heats up

London Stock Exchange takes on Euronext with launch of dedicated market.

Peter Koh, August 01, 2007

Structured credit poll 2007: Comprehensive portfolio information

Structured credit poll 2007: Award Winners

August 01, 2007

Opinion

Rating uncertainties grate on investor nerves

Downgrading tranches and revising criteria will not convince the market that the rating agencies are on top of the sub-prime mortgage crisis.

August 01, 2007

CAPITAL MARKETS

Australia: Sub-prime woes hit home down under

The sub-prime contagion has now reached as far from the USA, geographically, as it possibly can: Australia. In July Basis Capital, arguably the best-known home-grown hedge fund manager in the southern hemisphere, ran into serious trouble after defaulting on margin calls to several of its creditors. At the time of writing its survival was in the balance.

Chris Wright, August 01, 2007

BANKING

Structured finance market round up: Calyon appoints Siracusa as DCM/ABS head

Jim Siracusa is the new global head of DCM and securitization at Calyon. Siracusa previously worked at Dresdner Kleinwort, where he was co-head of client coverage, which included DCM origination and media, telecoms and technology coverage. In his new role he is responsible for securitization, debt principal finance and client solutions. He also covers traditional DCM, including emerging markets. He reports to Guy Laffineur, global head of fixed income.

Louise Bowman, August 01, 2007

Structured credit poll 2007: Overall support

Structured credit poll 2007: Award Winners

August 01, 2007

Structured credit poll 2007: Most innovative

Structured credit poll 2007: Award Winners

August 01, 2007

Opinion

Equity: Time to lift the lid on Japan

Japan’s equity bounce-back has lost momentum. But there are good grounds for believing that a floor has been reached and that renewed buoyancy is around the corner.

August 01, 2007

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