There's a welcome euphoria in the US market, one that is buoyed by a fair bit of good news, despite prevailing regulatory uncertainties that shadow pretty much every corner of the structured products world. Why the joy? Well, volumes are up 30-odd percent and there is fresh meat to be consumed, in the form of fixed-index annuities: it's been a while since there has been a new outlet sprung for the purveyors of products and their fancy, new quantitative investment strategies. But, it's not just

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