Insurance
CDS boost for pensions
Pension funds
UK pension deficits cut by 61%
The pension deficits of the UK’s 200 largest defined benefit schemes have declined by 61% in the first four months of the year because of increasing returns from the equity and bond markets, according to research from Aon Consulting. Deficits now stand…
The value of experience
Sunil Chadda was recently installed as head of Citisoft's hedge fund and derivatives practice. Victor Anderson speaks to him about trends that he's identified since his appointment, the impact Mifid (the Markets in Financial Instruments Directive) is…
Canada opens its borders
A change in regulation allowing investors to hold more debt issued by non-Canadian entities has proved a fillip to the country's bond markets. Nadia Damouni looks at how the credit markets in Canada are evolving
Synthetic ABS is hot property
The emergence of credit default swaps on ABS has led to the development of an index of these securities. Nadia Damouni looks at the prospects for this rapidly evolving corner of the market
Hedge fund managers shun idea of running UK pension funds
tete a tete: pension legislation
Optimising hedging
Corporate profile
Synthetic ABS is hot property
Asset-backed securities
Canada opens its borders
A change in regulation allowing investors to hold more debt issued by non-Canadian entities has proved a fillip to the country's bond markets. Nadia Damouni looks at how the credit markets in Canada are evolving
Winner: J Sainsbury
This month's innovative deals in the debt capital markets are a CMBS offering from J Sainsbury, Comcast's $2.25 billion deal and RBC's Logan CDO II
CDS boost for pension funds
Pension fund managers have traditionally shied away from using credit derivatives. But in the current climate of ultra-narrow spreads, trying to outperform the market without using credit default swaps could prove to be a major handicap, as Sarfraz Thind…
Germany's balancing act
German Pensions
Solvency II: The way forward
Comment
The BPA enigma
Deficit-ridden UK pension schemes are revisiting the idea of selling liabilities onto the bulk purchase annuity market, attracting new players with new business models
Regulatory arbitrage
Editor's letter
Co-operative Group
Practitioner profile
Constructing a curve
Corporate profile
A standard practice?
Cutting Edge: Solvency risk
Seeking high standards
Accounting
Seeking risk transfer
In response to regulatory pressures, European insurers are boosting their efforts to transfer risk to the capital markets. Increasingly, insurance firms are using securitisation as part of their capital management strategies. Rachel Wolcott looks at the…
Uncle Sam is watching You
litigation
Eclectic boutique opens a multifarious box of tricks
FMG Fund Managers has built an unusual mix of single hedge funds and funds of hedge funds, including specialist sector and regional portfolios, says David Walker
Opting for LDI
Liability-driven investment
An end to smoothing
Accounting