Reuters Tokyo – Hedge funds are dipping their toes back into the dollar/yen options market after months of absence, betting that eventual interest rate tightening by the U.S. Federal Reserve will help the greenback gain against the yen.

Dollar/yen’s implied volatility, a gauge of how much a currency pair is expected to move over a given period, has come down to levels not seen since before Lehman Brothers collapsed in mid-September, sending global markets into a tailspin.

The decline suggests market stress has eased substantially and investor confidence has risen after the battering dealt by the global financial crisis, but it also implies lessening demand for options to hedge against a further surge in the yen.

Read Complete Article

Tags: currency, decline, dollar yen, federal-reserve, gauge, global financial crisis, global-markets, greenback, hedge funds, interest-rate, investor-confidence, lehman brothers, options-market, reuters, stress, tailspin, toes, tokyo, volatility, yen dollar

West Palm Beach (HedgeCo.net) – Hedge fund broker MF Global Ltd. has appointed Michael Roseman as its new chief risk officer.

“Michael has very broad experience managing risk around the asset classes that this company brokers,” said Kevin R. Davis, chief executive officer, MF Global. “I’m delighted that he has decided to join MF Global and believe he will make a strong addition to our executive management team.”

Mr. Roseman is responsible for the overall management of MF Global’s risk department worldwide including market, credit and operational risk. He will also oversee the company’s compliance function and will report directly to the CEO.

Prior to joining MF Global, Mr. Roseman served as chief risk officer for the Americas at Newedge Group. He joined Newedge, then Fimat, USA, in 2004 prior to its merger with Calyon where he oversaw all aspects of risk related to their Americas brokerage business.

MF Global Ltd. is diversified across products, trading markets, customers and regions. Its worldwide client base of more than 138,000 active accounts ranges from financial institutions, industrial groups, hedge funds and other asset managers to professional traders and private/retail clients.

MF Global operates in 12 countries on more than 70 exchanges, providing access to the largest and fastest growing financial markets in the world. It is the leader by volume on many of these markets and on a single day averages eight million lots, more than most of the world’s largest derivatives exchanges.

Alex Akesson

Editor for HedgeCo.Net
Email: alex@hedgeco.net

HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!

Tags: boston, brokerage-operations, initial-offering, jose-alberto, kansas-city-market, networking-group, operational-structure, options-market, qualitative-assessment, risk-capital