Volatility

The profile of the convertible bond-holder base has changed radically and the vast majority of the market is now held by long-only funds whereas in 2008 highly-leveraged hedge funds were the main holders.

EDHEC-Risk Institute condemns the August 11 decisions by the financial market authorities in Belgium, France, Italy and Spain to impose or extend short-selling bans in the wake of renewed market volatility.

Goldman’s traders lost up to €100 million in a single session, according to Bank’s regulatory filing to the U.S. market authority

According to Didier Migaud, president of French revenue court, loans with interest rates linked to spreads out of the eurozone should be banned as well as those using leverage...

With the rise in the probability of extreme risks taking place, the purchase of puts on bank shares, considering the implicit volatility on the Eurostoxx 50, seems to be an attractive hedge for long term investors according to Goldman Sachs.