Notes
CHAPTER 2: RISK MANAGEMENT
1 Risk management from an institutional investor is the subject of Chapter 12.
CHAPTER 3: GOLD
2 The full list of standards can be found on the LBMA’s website.
3 See World Gold Council’s website www.gold.org.
4 See www.gold.org.
5 GFMS: Global Gold Hedge Book Analysis, Q4, 2004; Edition 9, February 2005.
CHAPTER 5: CRUDE OIL
1 Definition taken from annual general report.
2 Financial Times (30 May 2006) Energy: special report.
3 See, for example, Commodities Now (June 2006) Oil Sands, a short term solution to Middle East oil dependence? and Financial Times (8 November 2005) Safe deposit? Canada’s oilsands can give much of the world a fresh energy source.
4 Financial Times (24 August 2005) Fuel shortage could mean a rocky road for diesel cars.
5 Wall Street Journal (29 September 2005) Refining incapacity.
6 See Financial Times (31 August 2005) Storm over the oil industry: a hurricane is another worry as production costs mount. Also Financial Times (1 September 2005) US refinery industry caught out by hurricane disruption.
7 Financial Times (25 April 2006) Security of supply raises fears of long-term contango.
8 Financial Times (31 August 2005) Storm over the oil industry: a hurricane is another worry as production costs mount.
9 Financial Times (15 August 2006) The dramatic knock-on effect of BP’s Prudhoe shutdown.
11 Davis, M. (May 2002) Dynamics of the oil forward curve. Platts.
12 Financial Times (4 July 2006) Aggressive ...
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