New investors make credit an asset class

Real money investors such as mutual funds, as well as credit hedge funds, prop traders and other specialist investors, are finally treating credit risk as an asset class to be managed like any other.

The wisdom of youth

The youthful managers of Kazakhstan's financial sector are determined that oil and minerals wealth will be used to create a strong mixed economy.

Keeping it in the family

Is that spare $400 million giving you a headache? Do you already have the private jet, the yacht, art collection, international properties and a charitable foundation? Maybe you now need your own team of dedicated advisers to help you oversee your family's wealth.

Jordan stands up without IMF support

A well-executed privatization programme, carefully directed investment in education, valuable trade agreements and astute management of debt and inflation have underscored the growing health of the Jordanian economy, symbolized by its graduation from IMF programmes.

South Africa's search for dynamic growth

South Africa has built stable macroeconomic foundations since the overthrow of apartheid but its potential as a regional leader is still hampered by corporate rigidities, untapped talent reflected in high unemployment, an Aids epidemic and a failure to attract inward investment.

New Korean loan woe

Analysts are growing increasingly concerned about rising problem loans advanced to SMEs by Korean banks.

CEE gets a taste for LBOs

CEE private equity, after a tough period that saw many funds go out of business, is enjoying a surge in activity, thanks to access to leveraged finance.

Romania rides the second wave

The prospect of next month's European Commission decision on EU membership for Romania has concentrated the minds of the country's politicians and bankers.

Bank reform takes on new urgency

The mini bank crisis Russians faced in the summer has underscored the urgent need for bank sector reform and the creation of a system that can respond to the credit needs of businesses and individuals.

Strong growth masks Russia's problems

Russia's economy is roaring up the growth curve but dependence on oil revenues, insufficient diversification into other activities and a growing gap between the well-off and the poor give cause for concern.

The fourth generation of central banking

Central bankers have been the financial market heroes of the past two decades, for asserting independence from profligate politicians, conquering inflation and resolving financial crises not of their own making.

The new faces of corporate Russia

Oil and gas still lord it over all other sectors of the Russian economy but beyond the energy markets other businesses are making their mark on the international stage.

Anvar Saideno, NBK: A guiding hand from the central bank

Anvar Saidenov, the new governor of the National Bank of Kazakhstan, speaks to Euromoney's Nick Kochan about efforts to diversify the economy, control the inflationary effects of foreign currency inflows and develop more active financial markets.

Hedge fund victims of their own success

Does present poor hedge fund performance cast doubt on the broad validity of the sector or have new investors that flooded into hedge funds recently fallen for myths about their success and failed to see performance in a historical context? What is clear is that attempts to match capacity to demand have at least temporarily undermined some hedge fund strategies.