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Munich-based Assenagon Asset Management has launched the Assenagon Global Opportunities Fund, an absolute return fund which uses equity derivatives.
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Hedge funds have been buying up the five-year calls on the U.S. dollar against the yen in recent weeks with strikes around JPY115, according to Mathieu Zaradzki, an fx strategist for Barclays Capital in Paris.
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WisdomTree is planning to launch a Commodity Currency exchange traded fund that will use fx forwards and cash investments to provide returns. The asset manager will track currencies from developing and developed countries to make a direct play on global growth and include countries such as Australia and Canada.
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V2 Capital is planning a long-only portfolio correlated to the Standard & Poor’s 500 that will trade vanilla equity over-the-counter options, Chicago Board of Exchange FLEX options and listed options. The strategy, which is aimed at institutional investors, comes in response to the recent trend towards exchange trading and vanilla OTC options from risk-averse investors.
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The sovereign wealth funds of Qatar, Bahrain and Dubai are set to buy a USD1.25 billion life settlement bond—a sizeable slug for an oft-touted market that is still fairly illiquid.
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Asset managers and registered investment advisors have urged issuers to keep structured products simple in order to garner interest from clients, at a time when more exotic structures written on algorithmic indices begin to find favor.
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Aurelien Bessot, the ex-head of exotic equity derivatives trading at Bank of America, has launched hedge fund boutique FM Capital Partners in London.
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A small segment of buy-side firms plan to increase their spending on technology to improve their collateral management processes for over-the-counter derivatives, according to the results of a survey conducted by IntegriData.
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RBC Capital Markets has released another structured note linked to an investment strategy designed by EquityCompass Strategies. The boutique firm approached the bank last year about marketing its Risk Management Strategy to retail investors as a structured product--a move that has proven successful for both companies.
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Marilyn Ramplin, an ex-executive director in prime brokerage and equity derivatives strategy to hedge funds, funds of funds and asset managers at JPMorgan in London, has set up a UCITS (Undertakings for Collective Investment in Transferable Securities) advisory shop.