Structured products 101…good investments and toxic waste

Practitioner Lecture Series

The products investment banks have marketed to investors have become significantly more complex over the last couple of decades. As new derivatives technologies have evolved, the risks involved in each generation of product have changed. From structured notes in the mid 1990s, reverse convertibles in the “.com” tech crash, collateralised debt obligations (CDOs) amidst the US corporate scandals and more recently the notorious “CDO2” containing subprime mortgage collateral, supposedly sophisticated financial investors demonstrated a lack of knowledge of the risks and underlying principles involved in these products. Although many structured products are good investments, many unfortunately have proven extremely bad, indeed toxic. In this presentation Richard D. Bateson will provide a brief overview of the development of structured products with practical extracts from his recent book “Financial Derivative Investments” (Imperial College Press 2011).


Richard Bateson (AHL, Man Group PLC)

Monday, January 23, 2012 - 18:00
to 19:00