Both are big in America and growing in Europe, and tend to create complex strategies using several asset classes, which are then executed on various exchanges.
Instead they have become a means for hedge funds to speculate on the market throughout the trading day, allowing them to make complex bets on illiquid asset classes.
Although he had shifted his ownership to Atlantic via a complex Bahamas-based asset swap to minimize disclosure and taxes, Feeney continued to aggressively expand DFS, traveling the globe to conquer new markets, expand margins and outmaneuver rivals.
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Asset-backed securities are incredibly complex structured investments that, before they could be sold to the public, required myriad legal, regulatory, tax and other opinions and approvals.
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The investment banks and hedge funds that account for a big chunk of the day's trading volume use complex strategies that leap across national borders and asset types.
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The enforcement chief also created five specialized units to oversee the following areas: asset management, large scale market abuses, complex derivatives and financial products, foreign bribery and corruption, and the municipal and public pension markets.
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Khuzami also added five additional units to oversee various areas of the financial industry: asset management, large scale market abuses, complex derivatives and financial products, foreign bribery and corruption, and the municipal and public pension markets.
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Given the many moving pieces in the complex, global investment puzzle, investors would be wise to revisit their asset allocation strategies to help ensure that they have the diversification in place to withstand potential periods of heightened volatility as well as the breadth of asset classes and sectors to help deliver risk adjusted growth opportunities.
Mr Key, a 47-year-old former Merrill Lynch investment banker, has highlighted his financial-sector experience as an asset in a political leader at a time when an understanding of complex financial issues is paramount.
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