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Benchmarking

The world’s best borrowers in 2006

Here are the bond issuers that have taken the market by storm over the past 12 months: from the IFC, punching above its weight within the World Bank group with its pioneering work in developing local bond markets, to Bayer’s use of innovative methods to maintain its credit profile while making acquisitions.

Florian Neuhof, June 01, 2006

Fund management market round-up: KBC’s big redemption

KBC Alternative Investment Management has suffered redemptions in its hedge fund assets that reportedly amount to 80%. The Belgian bank says the redemptions were made predominantly in 2005 by large institutional investors that were “no longer entirely satisfied with the performance of the hedge funds they had invested in, and decided to move out of convertible arbitrage and other relative value arbitrage strategies”. It says that the alternatives business had €2 billion in assets at the end of last year.

Helen Avery, June 01, 2006

CAPITAL MARKETS

German SME participation rights: Safety in numbers

Bankruptcy of Nici shows vulnerability of small German SME securitizations.

Louise Bowman, June 01, 2006

CAPITAL MARKETS

Asia market round-up: …The market may take away

Hong Kong might have cause to celebrate the PWC report: 97% of the funds raised in the Greater China region were raised in the SAR. Yet it also has much to fear. Always an emotional and volatile market, the Hang Seng Index whipsawed its way through early May after global market wobbles.

Chris Leahy, June 01, 2006

BANKING

Best corporate borrower – Emerging Europe: Gazprom

The Russian energy group has been smart by staying in benchmarks.

June 01, 2006

Opinion

Finger-flicking good

A busy sporting calendar means a burgeoning expense account for many investment banks.

Clive Horwood, June 01, 2006

Opinion

Is Bernanke an alien in New York?

New Federal Reserve chairman Ben Bernanke received a B+ from economists surveyed by the Wall Street Journal, but the Dean of Columbia Business School in New York would probably fail him if students are to be believed.

Helen Avery, June 01, 2006

Opinion

Beware the elephants of Asia

Is there too much capital trying to find a home?

June 01, 2006

Opinion

The lessons of Jammaz Al-Suhaimi's demise

Saudi regulator leaves a positive legacy for his country’s financial markets.

June 01, 2006

Hedge funds: GCA singles out emerging opportunities

Of the 8,000 or so hedge funds globally, around 97% are focused on the US and European capital markets. And although opportunities in Asia, Latin America, and central and eastern Europe are being recognized, with the net amount of money flowing into hedge funds that focus on emerging-market investments rising 13% in 2005 according to Hedge Fund Research, not many investors are sufficiently confident to invest in these regions separately.

Helen Avery, June 01, 2006

Foreign Exchange

DBFX platform: UBS targets High Net Worths

Until recently, it seemed that the big FX players in FX were happy to leave the retail sector to aggregators, perhaps taking comfort from the prospect that once these had built up a decent size position they would see the business anyway.

Lee Oliver, June 01, 2006

CAPITAL MARKETS

Thai IPOs: The lost kingdom

Investors have welcomed Thailand’s largest IPO for years with open arms. The problem is that those investors are in Singapore, not Bangkok. The failure to list one of the kingdom’s prize assets at home is symptomatic of much larger problems in the country. Chris Leahy reports.

Chris Leahy, June 01, 2006

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