Brevan Howard, BlueCrest Face Interest-Rate Query

Sep 26 2013 | 10:51am ET

Brevan Howard Asset Management and BlueCrest Capital Management are among the hedge funds facing questions from British regulators about their exposure to interest-rate derivatives.

The Financial Conduct Authority last month sent a letter to a number of hedge funds in the wake of June's wild interest-rate moves, which rumors have attributed to a hedge fund sell-off. The hedge funds contacted are all major players in the interest-rate markets, the Financial Times reports.

The letters sought information about hedge funds' preparation for a sudden increase in rates. Some have expressed concern that the FCA is effectively asking hedge funds to disclose their positions.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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