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Legal & Regulation

Lawsuit

Court gives green light to Cantor Fitzgerald gaming assets lawsuit

Wed, 18/06/2014 - 10:00

A federal judge has upheld all of the key claims in a lawsuit filed against financial services firm Cantor Fitzgerald and its owner and chief executive Howard Lutnick by the bankruptcy estate of former futures broker Refco Inc. »

Computer screen

Latest Linedata Mshare release addresses regulation and growth

Tue, 17/06/2014 - 14:33

Linedata has released a new version of its transfer agency software Linedata Mshare, which is designed to address client concerns over both regulatory compliance and how to attract new business. »

Report

MiFID II published in the Official Journal of the EU

Fri, 13/06/2014 - 11:58

The EU has published MiFID II in the Official Journal (OJ) following more than two and a half years of consultation and negotiation. »

Fraud

CFTC obtains SK Madison Commodities judgment for commodity pool fraud

Thu, 12/06/2014 - 13:03

The US Commodity Futures Trading Commission (CFTC) has secured an order of default judgment and permanent injunction against Michael James Seward, Yan Kaziyev, and their company SK Madison Commodities.  »

Magnifying glass

EisnerAmper launches compliance consultancy for investment advisers

Thu, 12/06/2014 - 12:00

EisnerAmper has launched EisnerAmper Compliance and Regulatory Services (CARS), a full-service consultancy providing outsourced compliance programmes and solutions to US and offshore investment advisers. »

Regulation

Rise of big data to put UK financial services firms in regulatory firing line

Thu, 12/06/2014 - 06:00

The exponential growth of Big Data will trigger a sharp rise in UK financial services firms being investigated, and potentially fined, by regulators, according to Data-as-a-Service provider Anomaly42. »

Electronic trading floor

Majority of SEFs adopt FIX Protocol

Wed, 11/06/2014 - 15:10

The majority of swap execution facilities (SEFs), including BGC Derivative Markets, Bloomberg, trueEX, GFI Group, ICE Swap Trade, MarketAxess, Tradeweb, Tradition Trad-X and Tullett Prebon, have now adopted the FIX Protocol. »

James Roberts, BDO

Corporate reporting guidance from FRC is timely and important

Tue, 10/06/2014 - 12:17

James Roberts (pictured), Audit partner at BDO, welcomes The Financial Reporting Council’s (FRC) announcement of a programme of work to promote clear and concise reporting from which investors can draw conclusions about a company’s performance, position and prospects… »

Regulation

FCA provides guidance on Annex IV reporting

Mon, 09/06/2014 - 16:05

Representatives from the Financial Conduct Authority (FCA) provided guidance on the upcoming Annex IV reporting at a meeting sponsored by the Investment Management Association, the primary AIFM industry group in London.  »

Derek Adler, International Financial Administration

Article 19 – Have we not learnt our lessons?

Mon, 09/06/2014 - 13:58

By Derek Adler, Director, International Financial Administration Ltd – Let me state at the outset that I am absolutely in favour and welcome good regulation, but am opposed to regulation just for the sake of it. »

Gavel and scales

SEC charges Liquidnet over failures to safeguard confidential trading information

Mon, 09/06/2014 - 10:01

The Securities and Exchange Commission (SEC) has charged dark pool alternative trading system operator Liquidnet with improperly using subscribers’ confidential trading information in marketing its services. »

Jersey

Jersey to host four day conference and seminar in partnership with the US SEC

Fri, 06/06/2014 - 15:00

Jersey is to host a high level conference organised jointly by the US Securities and Exchange Commission (SEC) and the Jersey Financial Services Commission. »

Timothy Massad

Timothy Massad sworn in as chairman of US CFTC

Fri, 06/06/2014 - 12:00

Timothy Massad has been officially sworn in as the chairman of the US Commodity Futures Trading Commission (CFTC), the federal agency that oversees the commodity futures, options and swaps industry.  »

Approved stamp

NFA's board of directors approves reduction in assessment fees

Fri, 06/06/2014 - 10:02

The National Futures Association’s (NFA) board of directors has approved a reduction in the assessment fees it levies on futures contracts and options on futures contracts traded on behalf of public customers from USD.02 to USD.01 per side. »

Regulation

CFTC extends no-action letter on transaction-level requirements in cross-border situations

Thu, 05/06/2014 - 12:43

The US Commodity Futures Trading Commission (CFTC) has issued a time-limited no-action letter that extends relief to swap dealers (SDs) registered with the Commission that are established under the laws of jurisdictions other than the US from certain transaction-level requirements under the Commodity Exchange Act. »

Joined hands

DeAWM partners with CAIA

Thu, 05/06/2014 - 12:01

Deutsche Asset & Wealth Management (DeAWM) has formed a new partnership with the Chartered Alternative Investment Analyst (CAIA) Association. »

Bill Stone, chairman and chief executive officer, SS&C Technologies

SS&C GlobeOp notches up 150 customers for regulatory services

Wed, 04/06/2014 - 14:00

SS&C Technologies is now supporting 150 customers through the SS&C GlobeOp Regulatory Solutions Group, which assists funds of all types with Form PF, FATCA, AIFMD and other compliance and reporting rules. »

Trading screens

ICE Clear Europe secures CFTC order permitting portfolio margining of futures and foreign futures contracts

Tue, 03/06/2014 - 06:03

The Commodity Futures Trading Commission has issued an order granting a request from ICE Clear Europe regarding portfolio margining of futures and foreign futures contracts. »

Canada flag

CFTC issues no-action letter for Canadian swap dealers over quarterly risk exposure reports

Mon, 02/06/2014 - 10:04

The US Commodity Futures Trading Commission (CFTC) has issued a time-limited no-action letter that provides relief to each of the five Canadian banks that are registered with the CFTC as swap dealers. »

Robert Shapiro

ATFA’s Robert J Shapiro and Nancy Soderberg support Argentina's settlement with Paris Club

Fri, 30/05/2014 - 14:49

Following Argentina's agreement to resolve its USD9.7 billion in debts to Paris Club member nations within five years, American Task Force Argentina co-chairs Robert Shapiro and Ambassador Nancy Soderberg have declared their support for Argentina's pledge to act responsibly and encouraged the Argentine government to go further. »

Gavel and scales

SEC charges Chicago-based investment fund manager over Ponzi scheme

Fri, 30/05/2014 - 14:05

The Securities and Exchange Commission (SEC) has issued fraud charges and an asset freeze against an investment fund manager accused of stealing money from investors to pay personal and business expenses. »

Up arrow

Regulators’ expenditure increases by nearly 60 per cent in recent years

Wed, 28/05/2014 - 12:00

US, UK and Hong Kong financial services regulators have increased their expenditure over the last seven years by 59.4 per cent, an average of 8.075 per cent each year, since the end of fiscal year 2006/07, according to Kinetic Partners. »

Report

Clearstream issues monitoring report to help depositary banks comply with AIFMD

Tue, 27/05/2014 - 15:00

Clearstream has issued the Domestic Markets Monitoring Report to support depositary banks in managing their new obligations as stipulated by the Alternative Investment Fund Manager Directive (AIFMD). »

Regulation

CFTC provides new guidance for delegating CPOs

Tue, 27/05/2014 - 10:07

Certain commodity pool operators (delegating CPOs) delegating investment management authority to registered CPOs (designated CPOs) will be able to request relief from CPO registration using a new “standardized, streamlined approach”. »

Liquidity

Acting CFTC chairman Mark Wetjen announces three actions to protect liquidity

Mon, 26/05/2014 - 16:00

The Commodity Futures Trading Commission’s acting chairman Mark Wetjen and commissioner Scott O’Malia have announced three actions to benefit utility special entities, further consider certain hedging practices for commercial market participants, and promote end-user trading on swap execution facilities (SEFs) and designated contract markets (DCMs).  »

Gavel

Supreme Court LLP 'whistle-blowing' ruling is good news

Thu, 22/05/2014 - 09:34

Michelle Chance, Partner, Employment and Partnership law, at Kingsley Napley LLP comments on the Supreme Court judgment determining that LLP members should be defined as workers in respect of the Public Interest Disclosure Act 1998… »

Risk

ALFI and ALRIM publish risk management guidelines

Wed, 21/05/2014 - 06:05

The Association of the Luxembourg Fund Industry (ALFI), in association with the Luxembourg Association of Risk Management (ALRiM), has published new risk management guidelines. »

Computer screen

Virtusa and Investor Analytics offer AIFMD reporting for hedge funds and alternative managers

Tue, 20/05/2014 - 10:04

IT service company Virtusa Corporation’s CSalt solution now integrates with Investor Analytics’ risk platform to streamline and simplify Alternative Investment Fund Managers Directive (AIFMD) Annex IV reporting. »

Law books and gavel

CFTC charges RP Martin Holdings with manipulation of Yen Libor

Fri, 16/05/2014 - 11:31

The US Commodity Futures Trading Commission (CFTC) has issued an order against RP Martin Holdings Limited, and its subsidiary Martin Brokers (UK) Limited, filing and settling charges of manipulation and attempted manipulation of the London Interbank Offered Rate (Libor) for Yen.  »

London

ConceptONE to open London office

Thu, 15/05/2014 - 14:02

ConceptONE, a provider of risk and regulatory reporting solutions for the global asset management industry, is opening its first European office in London. »

features
Special report
Hedgeweek Special Report: The Bahamas – How it continues to evolve its funds industry

The Bahamas is taking steps to raise its profile as an attractive funds centre, continuing to build out the popular SMART Fund model template to provide a range of solutions for investment managers, plus its new ICON structure designed to appeal specifically to Brazilian investment managers and advisers.... »

Article
Asia-Pacific

Preqin’s Hedge Fund Analyst shows that hedge funds focusing on Asia-Pacific outperformed the Preqin All-Strategies Hedge Fund benchmark in 2014, as well as over a two-, three- and five-year basis (Fig. 1).  ... »

Article
Target

In an extract from the 2015 Preqin Investor Outlook: Alternative Assets H1 2015, results of a survey conducted in Q4 2014 reveal which strategies and regions will be targeted by private equity investors this year. ... »

Special report
State Street Global Markets – Fund Connect

This Special Report unveils the ways in which State Street Global Markets' Fund Connect ETF platform is bringing new levels of efficiency to the the ETF marketplace, and includes expert comment from the perspective of an AP.... »

Article
fees

Nearly double the proportion of investors view fees as a key issue in the hedge fund industry compared to last year, while performance remains the biggest concern. Investor survey results published in the Preqin Investor Outlook: Alternative Assets H1 2015 reveal the key issues facing investors in the coming year. ... »

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