Message-ID: <14630989.1075856610493.JavaMail.evans@thyme> Date: Tue, 25 Jul 2000 02:11:00 -0700 (PDT) From: grant.masson@enron.com To: vince.kaminski@enron.com Subject: Kirstee's role in London Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Grant Masson X-To: Vince J Kaminski X-cc: X-bcc: X-Folder: \Vincent_Kaminski_Jun2001_5\Notes Folders\London X-Origin: Kaminski-V X-FileName: vkamins.nsf Vince: This is precisely the concern I have for Kirstee. Steve tells me that she is very imaginative and eager to try to add value, but she has no local supervisor to help push some of her ideas. I will give you an update of our discussion later and solicit your suggestions. Grant. ---------------------- Forwarded by Grant Masson/HOU/ECT on 07/25/2000 09:07 AM --------------------------- Kirstee Hewitt 07/25/2000 08:48 AM To: Grant Masson/HOU/ECT@ECT cc: Subject: Meeting today Hi Grant - as Anjam has set up a meeting for 9:30 your time how about we try and talk afterwards. Originally we said 10:00 your time but I guess that the MG meeting will take longer than half an hour. Are you free around 10:30 your time ? I think some of the communication problems I originally had with Anjam have been resolved (although it was a difficult situation to interpret) however, I would very much like to discuss the situation that I am in concerning my immediate management. I have felt that over the last month I have been floundering a little and have not really been able to turn to anyone in London for direction concerning VaR (although as expected Steve has been very helpful to give me an idea on how to proceed theoretically). I do have many of my own ideas although I think I need to obtain some kind of authority to start any substantial work. At the moment I feel like I am doing a lot of small things and am worried that at some stage someone is going to ask the question - What exactly does she do over there in Research ??? I have talked to Rodrigo Lamas (RAC model validation new hire) and he has helped me to focus on some points I had already made. As a quick summary I have drawn up a memo which outlines some of the points I think need to be addressed as far as the VaR model is concerned (I could do a similar memo for the Credit Reserve model but to start have focused my comments on Market Risk). It is a bit rough and ready (pls excuse any appalling spelling mistakes!) but I think it will help you to see what I have been thinking about since I have been here. I do think that the most important issue is that concerning the origin of the vol/price curves and how they are constructed. Cheers Kirstee