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Legal & Regulation

Dollars

Morgan Stanley Capital Group to pay USD200,000 to settle CFTC charges

Tue, 25/03/2014 - 15:05

Morgan Stanley Capital Group (MSCGI) has agreed to pay a USD200,000 civil monetary penalty to settle CFTC charges that it exceeded speculative position limits in soybean meal futures contracts trading on the Chicago Board of Trade (CBOT). »

Regulation

Apsley joins forces with PartnerRe to tackle hedge fund AIFMD insurance requirements

Mon, 24/03/2014 - 11:48

New insurance provider Apsley Specialty has teamed up with PartnerRe to launch a specialist underwriting service to the hedge fund sector to deal with the new AIFMD requirements. »

Ponzi scheme

Patrick Cole and Global Strategic Marketing fined USD2.2m over forex Ponzi scheme

Mon, 24/03/2014 - 10:04

Patrick Cole and his company, Global Strategic Marketing (GSM), are to pay over USD2.2m in a CFTC enforcement action over a multi-million dollar off-exchange foreign currency (forex) Ponzi scheme. »

Regulation

Maples Fund Services expands regulatory reporting service

Wed, 19/03/2014 - 10:05

Maples Fund Services has extended its regulatory reporting service to incorporate Annex IV reporting for AIFMD. »

Numbers and magnifying glass

Vontobel Asset Management appoints KNEIP for fund data management

Tue, 18/03/2014 - 16:30

KNEIP has been appointed by Vontobel Asset Management to carry out fund data management, regulatory filing, KIID production and dissemination and financial reporting. »

Fraud

Alexander HG Mascioli and hedge fund North Street Capital charged with fraud

Fri, 14/03/2014 - 14:30

The Securities and Exchange Commission has filed settled fraud charges against Alexander HG Mascioli and his alter-ego, purported hedge fund, North Street Capital (NSC). »

Hong Kong

UBS tried to rig Hong Kong interest rate, says regulator

Fri, 14/03/2014 - 13:24

Traders at UBS tried to rig the Hong Kong Interbank Offered Rate (HIBOR), an investigation has found. »

Gavel

SEC charges CR Intrinsic analyst with insider trading

Fri, 14/03/2014 - 12:16

The Securities and Exchange Commission (SEC) has charged a former analyst at an affiliate of hedge fund advisory firm SAC Capital Advisors with insider trading.  »

Germany flag

Simmons & Simmons Frankfurt advises US AIFM on registration of Cayman AIF

Fri, 14/03/2014 - 10:10

The Simmons & Simmons financial services team in Frankfurt has supported a US alternative investment fund manager (AIFM) with the registration of a Cayman alternative investment fund (AIF). »

Gavel

SEC charges Jefferies with failing to supervise mortgage-backed securities desk

Thu, 13/03/2014 - 12:04

The Securities and Exchange Commission (SEC) has charged Jefferies with failing to supervise employees on its mortgage-backed securities desk who were lying to customers about pricing. »

Michael Sanders, managing director of Alceda Asset Management

Alceda granted multi-asset AIFM status in Germany

Thu, 13/03/2014 - 06:00

Alceda Asset Management has been granted a licence to act as Alternative Investment Fund Manager (AIFM) by the German Federal Financial Supervisory Authority (BaFin). »

Document and pen

US CFTC and Financial Services Agency of Japan sign MOC on cross-border regulated entities

Tue, 11/03/2014 - 14:26

Leaders of the US Commodity Futures Trading Commission (CFTC) and the Financial Services Agency of Japan (JFSA) have signed a memorandum of cooperation (MOC) regarding the supervision and oversight of regulated entities that operate on a cross-border basis in the US and Japan. »

European flags

KNEIP expands service offering to meet regulatory demands in Europe

Fri, 07/03/2014 - 14:06

KNEIP has launched an expanded service offering to help asset managers meet the increased demands posed by regulation in Europe. »

Report

ICMA European Repo Council publishes best practice guide for repo market

Thu, 06/03/2014 - 10:06

ICMA’s European Repo Council (ERC) has launched its updated guide to best practice in the European repo market, setting out standards for the orderly trading and settlement of repos. »

Regulation

SEI expands regulatory solution

Wed, 05/03/2014 - 14:11

SEI has expanded the regulatory component of its operating platform, adding technology and process enhancements that enable managers to streamline the regulatory filing process. »

Hedge fund administration

UBS Fund Services launches Depositary "Lite" platform

Tue, 04/03/2014 - 15:00

UBS Fund Services has launched its Depositary "Lite" platform to help managers of offshore funds fulfil the requirements of the Alternative Investment Funds Directive (AIFMD). »

Ireland flag

Up to 90 fund managers to be authorised in Ireland before AIFMD deadline

Mon, 03/03/2014 - 14:08

The Irish Funds Industry Association (IFIA) has noted a significant uptake in applications by fund managers seeking authorisation in Ireland under the new Alternative Investment Fund Managers Directive (AIFMD). »

Electronic trading floor

Trading industry adopts FIX protocol for TESI

Fri, 28/02/2014 - 06:11

The global trading industry has begun implementation of the guidelines set down by the FIX Trading Community to reduce operational risk and enable more efficient set up of clients on OTC electronic trading platforms. »

Malta

Iconic launches Malta-domiciled hosted funds platform

Thu, 27/02/2014 - 16:45

Iconic is launching a turnkey Malta authorised, EU-compliant hosted-funds platform enabling EU and non EU based fund managers to run their own fully supported and administered funds. »

Regulation

Enhance Group selects Confluence for AIFMD technology solution

Thu, 27/02/2014 - 06:08

Enhance Group, a Jersey-based investment consultancy firm, has selected Unity NXT AIFMD Transparency Reporting from Confluence for its AIFMD transparency reporting requirements. »

James Williams, Hedgeweek

Understanding the role of the depository under AIFMD

Wed, 26/02/2014 - 20:09

The Alternative Investment Fund Managers Directive (AIFMD) has many moving parts for alternative investment fund managers to get their heads around. But perhaps one of the most salient issues they face – particularly managers running offshore funds – is the requirement to appoint a depository. »

Malta

Cordium acquires Maltese advisory and compliance consultancy Zodiac

Tue, 25/02/2014 - 16:03

Cordium has acquired Zodiac Advisory Services, a provider of compliance, risk, accounting and governance services for the investment management industry in Malta. 

 »

Cayman Islands

DMS report identifies the seven deadly myths of FATCA

Mon, 24/02/2014 - 14:15

The Cayman Islands funds industry is living in a state of ‘suspended disbelief’ concerning its response to the Foreign Tax Compliance Act (FATCA), according to a new report from DMS Offshore Investment Services. »

Regulation

CTA/CPO capital requirements – More harm than good?

Fri, 21/02/2014 - 17:15

In late January 2014 the National Futures Association (NFA) announced to its membership they were: “…reviewing the current regulatory structure applicable to Commodity Pool Operator (“CPO”) and Commodity Trading Advisor (CTA) operations. In particular, NFA is looking at ways to strengthen the regulatory structure governing CPO operations to provide greater protection for customer funds… [and] exploring ways to ensure that CPOs and CTAs have sufficient assets to operate as a going concern.”  »

Regulation

Investment managers and portfolio management vendors facing new regulatory challenges

Thu, 20/02/2014 - 11:50

Technology vendors in Europe are investing heavily in the development of portfolio management and accounting systems to help buy-side asset management clients navigate new regulatory requirements. »

Clouds

Indus Valley Partners launches cloud based regulatory compliance platform

Wed, 19/02/2014 - 15:00

Indus Valley Partners (IVP) has launched IVP RAPTOR cloud, enabling alternative asset managers to meet their global regulatory reporting needs from a purpose-built cloud platform. »

Clock

Investors won't be engaged in AIFMD considerations by 2015, say fund managers

Tue, 18/02/2014 - 11:22

More than 50 per cent of fund managers, prospective clients and consultants attending a recent Northern Trust seminar on the European Union's Alternative Investment Fund Manager Directive (AIFMD) said they believed investors would still not be engaged in AIFMD considerations by December 2015. »

Information sign

FCA grants AIFMD reprieve

Mon, 17/02/2014 - 08:25

Andrew Lowin, Technical Director of Consulting at Kinetic Partners, comments on the FCA’s decision to give UK AIFM’s a reprieve on capital requirements under the AIFMD… »

Accounts

SGSS launches AIFMD reporting package for asset managers

Fri, 14/02/2014 - 12:38

Societe Generale Securities Services (SGSS) has launched an Alternative Investment Fund Managers Directive (AIFMD) reporting package for asset managers and their funds. »

Regulation

DMS Offshore Investment Services expands FATCA task force

Thu, 13/02/2014 - 14:15

Fund governance firm DMS Offshore Investment Services has expanded its FATCA task force with the addition of Alaina Danley, formerly director of finance at Bain Capital, and Jennifer Dimitri, formerly director of investment compliance at the University of North Carolina endowment system. »

features
Special report
Commodities 2015: The outlook for investors

Investing in commodities can yield handsome returns, but investors need to focus sharply on timing and diversify their portfolios away from traditional safe havens and into sectors such as agriculturals and products such as ETFs. As one expert reveals in this special report, "Gold is not the only yellow commodity one should have in their portfolio"... »

Article
Spotlight

In an extract from the Preqin Special Report: Asia-Pacific Hedge Funds, we provide an overview of the industry in Asia-Pacific, covering assets under management as well as key locations, strategies, fund structures and more.  ... »

Article
up arrow

Assets under management for sovereign wealth funds globally reach USD6.31tn as of March 2015, increasing by more than USD900bn over the past 18 months. This information has been revealed in the 2015 Preqin Sovereign Wealth Fund Review, a comprehensive guide to these influential investors. ... »

Special report
Hedgeweek Global Awards 2015 – The Winners

Read the complete list of Winners and profiles at the sixth edition of the Hedgeweek Awards, presented in London's Mayfair and sponsored by Morgan Stanley, which brought together the leading names in the global hedge funds industry to celebrate the achievements of the best performing managers and service providers in 2014... »

Article
Hedgeweek Special Report: eVestment – The evolution of hedge fund investing

As revealed in this Hedgeweek Special Report sponsored by eVestment, the data, analytics and market intelligence provider to the institutional investment community, experts agree that investing in hedge funds represents a good way for institutions to access manager skill, which is key in constructing a diversified portfolio to achieve risk and return targets. ... »

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.... »

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