Derivatives
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Colorado Fire & Police creates managed futures allocation, pledges $49 million to alts
Colorado Fire & Police Pension Association, Greenwood Village, approved a new asset allocation that includes a new 5% allocation to managed futures strategies and committed a total of $49 million to three alternatives managers.
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Miami Beach pension fund wins shareholder suit over currency derivatives
Fibria Celulose agreed to pay shareholders $37.5 million to settle a lawsuit brought by the City of Miami Beach (Fla.) Pension Fund for Firefighters and Police Officers over $2.13 billion of currency-derivative losses in 2008, according to a court filing.
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Winton Capital Management elevates deputy CEO
Tony D. Fenner-Leitao was named CEO of managed futures specialist Winton Capital Management.
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CFTC eases pay-to-play rules for bank swaps with government pension plans
Wall Street banks have been freed from Dodd-Frank Act limits on political contributions intended to limit fraud in swaps with government pension plans.
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CFTC may extend deadline for swap-dealer registration
Goldman Sachs Group, J.P. Morgan Chase and other firms may have until January to register swap-dealing units subject to the highest collateral and conduct standards under U.S. efforts to cut risk in the $648 trillion market.
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CFTC approves definition of swap trades
The CFTC on Tuesday voted to define when trades are considered swaps under the Dodd-Frank Act, a step that triggers more than a dozen rules under the 2010 financial regulation overhaul.
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Dimon fires back at 'complex' system at Senate hearing
J.P. Morgan Chase Chairman and CEO Jamie Dimon spent much of his time at a Senate hearing Wednesday firing back at the federal regulatory system.
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Great caution necessary
The J.P. Morgan Chase derivatives fiasco, which reportedly has cost the bank in excess of $2 billion, is confirmation once again of the truth of Warren Buffett's observation, “Derivatives are financial weapons of mass destruction.”
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Regulators designate CME, ICE clearinghouses as systemically important
Derivatives clearinghouses owned by CME Group and Intercontinental Exchange have been designated systemically important by U.S. regulators, a step that moves them closer to heightened supervision.
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Collar strategies snare better performance with less risk, say authors
Options-based collar strategies would have outperformed the market in most asset classes while providing drastically reduced risk leading up to the financial crisis and the subsequent recovery, according to new research.
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ICI sues CFTC on behalf of the mutual fund industry
ICI up in arms over amendment to rule that exempted mutual funds from having to register with the CFTC as commodity pool operators.
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Spreads anticipated to tighten across all credit instruments
According to a survey in Fitch Rating's latest fixed-income outlook, spread movements across all credit instruments are anticipated to tighten rather than widen this year. Expectations of tightening spreads are up significantly from the June 2011 survey. Response options also included "remain ...
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More stringent reporting sought following MF Global losses
The futures industry is recommending more rigorous reporting and internal controls for brokerages, as $1.6 billion of customer money is still unaccounted for after the bankruptcy of MF Global Holdings Ltd.
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Fidelity, Och-Ziff seek stiffer collateral rule before CFTC vote
The U.S. Commodity Futures Trading Commission may complete rules next week that set protections for swap traders' collateral as some hedge funds and mutual funds push for additional safety measures in the wake of the collapse of MF Global Holdings Ltd.
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New swaps rules put pension execs between rock, hard place
The missing-money controversy surrounding MF Global Holdings Ltd. is putting large corporate and public pension plans that use swaps in a no-win situation, regardless of its outcome.





