Month: October 2002

Man v Machine: The Fund Manager’s Need for Both The 2002 Profit & Loss/Parker Global Strategies Fund Managers’ Report

Quality of pricing and efficient execution have again been voted as the two most important aspects for selecting bank counterparties in this second Profit & Loss/Parker Global Strategies Fund Managers’ Report. But ecommerce is beginning to make inroads with this community, as more and more turn to online services for execution. Colin Lambert reports.   […]

Citibank Offers Outsourcing Over the Internet

In response to an increase in demand for global treasury services, Citibank has begun offering Agency Treasury Services (ATS), its outsourcing service, over the Internet. The move follows the recent decision by Coca Cola to outsource its treasury operation to Citibank and move its European head office from London to Athens. “We believe that this […]

ICor Squares the Circle

ICor Brokerage, the online FX options service that is a 50/50 joint venture with Reuters, has commenced operations in North America, giving the platform full global coverage for the first time. The platform, which is available through Reuters Dealing 3000 platform, launched in Asia earlier this year (Profit & Loss, March 2002) and was rolled […]

Deutsche Automates Prime Brokerage with E-Switch

As interest in prime brokerage continues to grow, so too do the services provided by the banking industry to meet client needs.Earlier this year, Deutsche Bank enhanced its offering to clients with the launch of e-switch, a prime brokerage module that Joe Norena, head of Global Liquidity Services (GLS) at the bank, believes is, “Different […]

Nordic ACI Members Enjoy Fifth Congress

As Gothenburg basked under the late summer sunshine, the Nordic members of ACI – The Financial Markets Association, representing Denmark, Finland, Norway, Sweden and, for the first time, Iceland, gathered for their fifth congress. The congress, which drew 418 delegates, took place between August 23 and 24. Jan Tradgardh, president of ACI Sweden, spoke of […]

The Balance of Trading: Is Matching the Answer?

As pressure on fund managers from underperforming equity markets has grown, so too has the search for increased returns from currency hedging or trading activities. More and more, managers are looking to enhance their returns by a few percentage points through better currency management. Randy DuRie, partner at Summit,New Jersey-based Plimsoll Capital, expects the boom […]

Q&A With with DynexCorp Ltd

Company Name: DynexCorp Ltd Contact Name: Peter Panholzer A. James Spurway Location: Geneva, Switzerland Product Name: Dynex Currency Strategy / TETRA High Beta Product assets: Dynex Currency Strategy $68.5m / TETRA High Beta $77.0m Total Assets Under Management: $156 million Firm Inception Date: 31 July 1990 Number of Employees: 8 Return Information Dynex Currency Strategy […]

Take It to the Limit: A Day at the Track

In the Lifestyle section of the March 2002 issue of Profit & Loss we took a look at track day preparation – how to set your motor bike up for a day’s racing at one of the many tracks around the UK. So, the bike is set up, transport is arranged, and you are off […]

Identifying the Safe Haven Currency

The political temperature continues to increase, based on growing expectations of a US-led military action against Iraq. Typically, in times of increased political uncertainty globally, the dominant theme becomes one of capital preservation and risk-reduction. In such periods there are frequently one or more currencies that appreciate, as investors flee to one currency. In the […]