Market Pays Respects to Duncan Edwards

On Thursday, 16 December, the foreign exchange market observed a minute of silence in respect to Duncan Edwards, 40, who passed away last month after a short illness. Duncan was very well respected throughout the foreign exchange industry. He entered the market in 1979, when he joined Societe Generale in London as a junior dealer. […]
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UBS Reduces Headcount By 60 FX Staff Globally

UBS has pared down the FX division of Warburg Dillon Read by 60 people globally, representing 0.5% of the total global head count. According to an official, the changes stem from an increased level of investment in technology and increased focus on clients. Nearly half of the cuts were made in Zurich, according to sources, […]
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Q & A With Titan Capital Management Ltd

Company Name: Titan Capital Management Ltd Address: London Contact Name: Graham May / Ashok Patel Phone Number: 0207 484 3500 Fax Number: 0207 484 3550 E-Mail: Ashok@titancapital.co.uk Product Name: Titan-Advanced Currency Program Product Assets: US$ 11 million (notional) Total Assets Under Management: US$ 85 million Firm Inception Date: 1985 Number of Employees: Seven   Return […]
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MFA Hosts Annual Conference in Miami

The Managed Funds Association (MFA) is hosting Network 2000, An Information Exchange on the Managed Funds Industry, annual event 30 January to 1 February at the Loews Miami Beach Hotel in Miami Beach, Florida. The conference is aimed at professionals in hedge funds, managed futures and other alternative investments. To register, visit the MFA Web […]
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Reuters’ Big Quiz Night Draws Crowd of 140

An audience of 140 City folk gathered at Gibson Hall for the filming of the Reuters Big Quiz night on 23 November, which aired over the Christmas period. ANZ Investment Bank won the Reuters Big Quiz Cup, and was awarded three Grand Prix tickets, and a framed Alex cartoon from the Daily Telegraph for their […]
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CSFB/Tremont Hedge Fund Index Up 5% in November

The CSFB/Tremont Hedge Fund Index was up 5% in November. The index, which is the only asset-weighted hedge fund index, launched during November on www.hedgeindex.com. The long/short equity index led the gains, while the emerging market sector also posted strong results. “For November, the CSFB/Tremont Emerging Market Index outperformed all other styles and strategies, including […]
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Barclays Capital Launches E-Commerce Initiatives

Barclays Capital has launched an Internet-based futures trading platform, XTAS (eXchange Traded Access System). XTAS provides users with their own order entry capability so they can deal directly onto futures exchanges around the world, including the German and Swiss exchanges, LIFFE, the Tokyo exchanges and direct electronic access to the pits of the Chicago exchanges. […]
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NAB Completes Institutional Team

National Australia Bank has completed the build-up of its institutional FX sales team in London with a fourth and final hire, says Shane Galligan, FX manager. Michael Moore joined the financial institutions FX marketing desk in London, after leaving JP Morgan in New York six months earlier. Moore will report to Jill Gore, who joined […]
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Michael Spencer Sees Change as an Opportunity

Although he started adult life as a physics student at Oxford University, Michael Spencer never had any intention of becoming a physicist. “My father was an economist, so I always knew I’d go into the financial sector,” says Spencer, who is now chief executive officer of the world’s largest money broker, Garban-Intercapital Plc. Soon after […]
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