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BANKING

OTP: predator or prey?

Hungary’s OTP Bank dominates its domestic market, but can it compete with regional powerhouses such as Raiffeisen International and UniCredit, or is it in danger of being swallowed up itself? Kathryn Wells meets OTP’s long-serving chief executive, Sandor Csanyi, to find out.

Kathryn Wells, September 04, 2006

BANKING

Afghanistan gets back to business

The country’s newly revitalized banking system throws up colourful characters and eccentric approaches to marketing. But overseeing it all is a rigorous central banker with solid US commercial banking experience. Eric Ellis reports.

September 04, 2006

BANKING

Why Brazil is all abuzz

Its capital markets are a hive of activity – with record levels of IPO activity, decreasing funding costs and a first hostile takeover attempt. But many of the most active companies say that the queen bee of government is too strict: tax and infrastructure problems are preventing the country from reaching full potential. Lawrence White went to São Paulo and Rio de Janeiro to investigate.

Lawrence White, September 04, 2006

Hedge funds choose their spot

The hedge fund industry has exploded; conservative estimates suggest there are almost 500 funds based in the region. Most have ridden the wave of Asia’s rising markets. Now those returns are getting harder to come by. But, as Helen Avery reports, increased opportunities to take short positions offer managers hope of generating new, enhanced returns.

Helen Avery, September 04, 2006

Asian hedge funds: Comfortable with quant

Hedge funds choose their spot

Helen Avery, September 04, 2006

How Ashmore became part of the EM establishment

The London-based asset management firm has taken the lead in persuading institutional investors worldwide, including central banks and pension funds, to go for long-term investment in emerging market assets. Felix Salmon reports.

Felix Salmon, September 04, 2006

Max Petroleum: To infinity and beyond?

Only incorporated in 2005, Almaty-based Max Petroleum shows that smaller, independent energy companies can still make their mark against the more powerful Russian and global firms.

Guy Norton, September 04, 2006

Fund management: Pimco reassesses emerging markets approach

The world’s biggest EM portfolio fund manager is scaling back its tactical allocation to the asset class.

Felix Salmon, September 01, 2006

CAPITAL MARKETS

LBOs: Vital ingredient for Inmocaral

Arrangers have confirmed that CMBS will form part of the permanent financing for Grupo Inmocaral’s €3.7 billion bid for Inmobiliara Colonial. The target has assets in Spain and France, owning a majority stake in French SIIC Société Foncière Lyonnaise.

Louise Bowman, September 01, 2006

CAPITAL MARKETS

Debt market round-up: Goldman puts a new Edge on SSA

Christopher Egerton-Warburton is the new head of origination in the sovereign, supranational and agency (SSA) business at Goldman Sachs. “Edge” has been at Goldman Sachs for 13 years and has been associated with landmark trades such as the UK and German dollar deals. Of late he has focused on more strategic issues such as the creation of the International Finance Facility for Immunization (IFFIm).

Alex Chambers, September 01, 2006

BANKING

IMF letters page

Newcomers to the IMF/World Bank meetings could find the event overwhelming. Should they attend the seminars? And if so, which ones? Where’s the best place to hear the gossip? And which parties should they attend? Confused? Don’t worry because help is at hand from an IMF veteran, as dictated to Sudip Roy.

Sudip Roy, September 01, 2006

Asian funds cry out for more service providers

Asia’s hedge funds need more blue-chip assistance.

Helen Avery, September 01, 2006

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