​Monday, June 22 Includes CalPERS Trading Plans And Greek Impacts On Term Structure

The California Public Employees’ Retirement System is investigating the possibility of trading internally put writing and call overwriting strategies, following a recent investment committee that saw the fund announce cuts to its external money managers. In Europe, hedge funds are remaining positive on Greece coming to an agreement with its creditors or the current programme being extended, given recent flow in the European equity derivatives market. Funds have been active in playing the normalisation of the Eurostoxx 50 term structure, entering into upside call strategies and exploring hybrid/contingent option strategies. In the people and firms section, Mohammed Fawaz, a partner at Fulcrum Asset Management, has joined Capula Investment Management in London.