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SRP Weekly: the autocallable boom continues. We bring you the most read stories in the past week from our news desk. Calamos' CAIE has hit US$1 billion in assets in less than 12 months. The asset manager reflected on the management of this groundbreaking autocallable ETF in an interview with SRP. In the US structured notes market, a surge in issuances propelled BNP Paribas to second place in May, with only Goldman Sachs ahead First Trust is preparing to list the FT Vest Laddered Autocallable Buffer & Resilient Income ETF on NYSE Arca, featuring a maturity buffer feature for its lineup, according to an SEC filing. SRP held a webinar on autocallable ETFs on Thursday with four panellists across ETF providers, investment banks and wealth managers. The replay can be accessed here. BlackRock has rolled out the iShares Bitcoin Premium Income ETF (BITA), an exchange-traded product (ETP) designed to provide investors with Bitcoin upside participation while generating monthly option premium. S&P Dow Jones Indices (S&P DJI) has expanded its covered call index offerings with the launch of the S&P 500 8% Premium Covered Call Index, a strategy designed to deliver a targeted level of income through a systematic options overlay on US equities. In the US structured notes market, a surge in issuances propelled BNP Paribas to second place in May, with only Goldman Sachs ahead, as the street monthly volumes hit a new high, shows our latest US market review. New York-based Prosperity Life Group introduced its PathWay Series fixed index annuities (FIAs) on Monday, offering six index accounts including two strategies that are seen in the market for the first time. Canadian investment management firm Ninepoint Partners has introduced the Ninepoint SpaceX HighShares ETF (SXHI), a covered call strategy, on the Toronto Stock Exchange. Purpose Investments last week also brought a covered call ETF on Cboe Canada offering exposure the latest IPO blockbuster - the Purpose SpaceX Yield Shares ETF (SPXY). Apollo Global Management has appointed Keshiv Desai as partner and head of structured investment solutions, bolstering its capabilities in customised investment strategies as alternative asset managers increasingly target wealth management and institutional distribution channels. Former Macquarie, Citi and Deutsche Bank executive takes the helm at Bloomberg Indices as the benchmark provider expands its role in quantitative and outcome-oriented investment solutions. Jérôme Brochard has joined Verition Fund Management from Nomura as managing director in London, marking the latest senior hire by the multi-strategy hedge fund as it builds out its investment and quantitative capabilities. In part one of a two-part roundup, we review how funds registered in Switzerland and Dublin performed in May. The opening session of the SRP France Conference 2026 brought together representatives from the French structured products industry to examine two of the sector's most debated topics: performance and transparency. Trading activity on Euronext Access Paris was broadly stable in May, with total daily average value traded at €32,442 (US$37,609), down 0.9% month-on-month (MoM) but 19.1% above the 12-month average. In Asia, Société Générale Corporate & Investment Banking (CIB) has appointed Marc Saffon as group country head for Japan, effective 1 September. The Reserve Bank of India (RBI) has published draft amendments to its Standardised Approach for Counterparty Credit Risk (SA-CCR) framework and invited public comments until 1 July. An estimated KRW5.8 trillion (US$3.7 billion) was collected from 1,387 structured products offered on the South Korean primary market in May, according to our latest Korea market review. Hong Kong regulators have co-launched a joint pilot project to explore the use of a digital payment solution for after-hours trading (AHT) in the derivatives market. In Singapore, DBS Bank Ltd has introduced tokenised physical gold - DBS Physical Gold Token - for customers in a first for the retail market, according to the bank. Do you have a confidential story, tip or comment you'd like to share? Contact Us | SRP (structuredretailproducts.com)

Verition, now managing $14 billion with over 500 investing professionals, is navigating a critical inflection point as it scales whilst maintaining its collaborative culture. The hedge fund has surpassed size thresholds that previously challenged rivals like Balyasny and Schonfeld. Gustav Rydbeck, global head of equity long-short, has assembled a leadership team from Point72 and other top firms to strengthen analytics, data, risk management and AI implementation. The firm emphasises its team-centric approach over the typical pod structure common at competitors. Verition gained 2.6% through April, outperforming the 1.3% average for multistrategy hedge funds. Over 90% of the firm's profits from the past decade came from teams still at Verition. Founder Nick Maounis and COO Josh Goldstein personally interview each portfolio manager to maintain cultural fit.

Several major hedge funds are reducing their investment staff in Miami despite the city's reputation as a growing finance hub. Eight multistrategy firms — including Citadel, Millennium, Point72 and Balyasny — employed 218 investment professionals in Miami in 2025, down 20 from the previous year, even as their overall investing head count grew by over 11%. Citadel, which moved its headquarters to Miami in 2022, cut 15 investment professionals there whilst adding 77 globally. Millennium reduced its Miami presence from 53 investors to 48 and consolidated from two offices to one. Only ExodusPoint and Walleye increased their Miami investment staff. Growth is instead concentrated in New York, London, Hong Kong and Dubai, according to regulatory filings.