Month: February 2014

Deutsche Seeded Hedge Fund Open to External Investors

80 Capital, a quantitative hedge fund seeded with $50 million from Deutsche Bank, is opening itself for external investment. The hedge fund is run by former Deutsche Bank quantitative executive Philippe Azoulay, and has opened its Helium strategy to external investors. The strategy trades managed futures and was developed by Azoulay in his time at […]

RBS Reduces Fixings Service and Will Introduce New Cut-Off Times

The Royal Bank of Scotland will stop accepting orders for all but a selection of FX fixings and will bring an end to its own RBS Fix product, it tells clients in a memo seen by Profit & Loss. According to the bank, the decision was taken as part of an “ongoing review of our […]

ISDA Transitions to Automated, Market-Based Rate Setting

The International Swaps and Derivatives Association (ISDA) has announced plans to move to an automated, market-based ISDAfix rate setting, in an attempt to ensure that events such as the Libor manipulation can’t happen again. Driven in part by the International Organisation of Securities Commissions (IOSCO) Principles for Financial Benchmarks published in July, which gave benchmark […]