Sign up for free newsletter

 

North America

Fraud

Ashbury Heights Capital granted leave to proceed with FactSet fraud and breach of contract lawsuit  

Fri, 19/06/2015 - 10:00

San Francisco-based Ashbury Heights Capital has been granted leave to proceed with its fraud and breach of contract lawsuit against market intelligence company FactSet Research Systems and securities executive Doug Engmann.  »

Man with magaphone

SEC proposes rules to modernise and enhance information reported by investment companies and investment advisers

Fri, 22/05/2015 - 11:30

The US Securities and Exchange Commission (SEC) has proposed rules, forms and amendments to modernise and enhance the reporting and disclosure of information by investment companies and investment advisers.   »

money stack

Deutsche Bank to pay USD800m to settle CFTC charges of manipulation and false reporting of LIBOR and Euribor

Fri, 24/04/2015 - 09:00

Deutsche Bank is to pay USD800 million to settle US Commodity Futures Trading Commission (CFTC) charges that it routinely engaged in acts of false reporting and attempted manipulation. »

gavel and law books

US CFTC and APRA sign MoU on supervision of cross-border regulated firms

Wed, 15/04/2015 - 06:00

The US Commodity Futures Trading Commission (CFTC) and the Australian Prudential Regulation Authority (APRA) have signed a Memorandum of Understanding (MOU) on the supervision of cross-border regulated firms. »

money bag

Mark Evan Bloom and North Hills Management fined USD26m for commodity pool fraud

Thu, 05/03/2015 - 06:00

Mark Evan Bloom and his firm North Hills Management are jointly to pay a USD26 million fine to settle CFTC charges over the operation of a fraudulent commodity pool, North Hills LP. »

gavel and law books

CFTC secures court order against TOTE Fund and MJS Capital Management for Commodity Exchange Act violations

Thu, 15/01/2015 - 11:30

The CFTC has secured a court order requiring two commodity pool operators and their principal Michael J Siegel to pay restitution of USD104,684.47, disgorgement of USD86,503.36, and a civil monetary of USD259,510.08 over the misappropriation of funds.   »

Gavel and scales of justice

MF Global Holdings to pay USD1.212bn for unlawful use of customer funds

Fri, 02/01/2015 - 11:37

MF Global Holdings (MFGH) is to pay USD1.212 billion to settle CFTC charges relating to the misuse of customer funds and related supervisory failures by subsidiary MF Global Inc (MFGI).  »

CFTC extends time-limited no-action relief to Eurex Clearing and US clearing members

CFTC extends time-limited no-action relief to Eurex Clearing and US clearing members

Wed, 24/12/2014 - 13:04

The US Commodity Futures Trading Commission (CFTC) has extended the no-action relief granted in CFTC Letter 14-27 to Eurex Clearing AG (Eurex Clearing) and its US clearing members. »

gavel and scales

RBC to pay USD35m penalty for illegal wash sales, fictitious sales and non-competitive transactions

Mon, 22/12/2014 - 06:00

The Royal Bank of Canada (RBC) is to pay a USD35 million penalty for engaging in more than 1,000 illegal wash sales, fictitious sales, and noncompetitive transactions over a three-year period.   »

regulation books

AlphaMetrix to pay USD5.6m to settle CFTC charges

Fri, 19/12/2014 - 09:00

Commodity Pool Operator (CPO) and Commodity Trading Advisor (CTA) AlphaMetrix is to pay USD5.6 million in restitution and penalties to settle US Commodity Futures Trading Commission (CFTC) charges. »

Fraud

SEC charges Buffalo firm and co-owners with fraud over HF investment advice

Thu, 11/12/2014 - 11:47

The Securities and Exchange Commission has charged a Buffalo, NY-based investment advisory firm and two co-owners accused of making false and misleading statements to clients regarding investments in a hedge fund.   »

document with pen

Irving H Picard reaches USD95m BLMIS recovery agreement with Senator Feeder Fund

Thu, 20/11/2014 - 06:00

Irving H Picard, Securities Investor Protection Act (SIPA) Trustee for the liquidation of Bernard L Madoff Investment Securities LLC (BLMIS), is seeking approval of a recovery agreement with Senator Fund SPC, a Cayman Islands incorporated investment fund invested exclusively with BLMIS. »

globe

Herald Fund SPC agrees global settlement with Madoff Trustee

Wed, 19/11/2014 - 06:00

BDO CRI (Cayman) Ltd, the Principal Liquidators of Herald Fund SPC, have reached a global settlement agreement with Irving H Picard, Trustee for the Estate of Bernard L Madoff Investment Securities.   »

gavel in black and white

Madoff Trustee reaches recovery agreement of nearly USD500m with Herald and Primeo Feeder Funds

Tue, 18/11/2014 - 11:45

Irving H Picard, Securities Investor Protection Act (SIPA) Trustee for the liquidation of Bernard L Madoff Investment Securities LLC (BLMIS), has filed a motion today in the United States Bankruptcy Court...  »

Thumbs up

Markit | Genpact KYC Services registers more than 600 firms

Wed, 12/11/2014 - 14:03

More than 600 buyside firms and corporations are registered for Markit | Genpact KYC Services centralised service to streamline the management of know your customer (KYC) information required by banks. »

Barred

NFA bars commodity pool operator Belvedere Asset Management from membership

Fri, 31/10/2014 - 12:03

National Futures Association (NFA) has ordered commodity pool operator Belvedere Asset Management to permanently withdraw from NFA membership. »

Gavel

Federal Court approves receiver’s USD264m Kenwood Group distribution plan

Fri, 31/10/2014 - 06:15

Court-appointed receiver John J Carney has received authorisation for a USD264 million distribution plan for the receivership estate of Michael Kenwood Capital Management and related entities. »

Gavel

SEC charges NJ-based HF manager with insider trading

Tue, 28/10/2014 - 14:11

The SEC has filed insider trading charges against a New Jersey-based hedge fund manager who allegedly used material, nonpublic information to trade in advance of market-moving news concerning Carter's Inc. »

Dollars

Investment adviser regulatory assets under management reach USD61.7trn

Tue, 28/10/2014 - 14:04

Total regulatory assets under management (RAUM) reported by all investment advisers as of 7 April was USD61.7 trillion, representing a substantial increase from the USD54.8 trillion RAUM reported in April 2013. »

Gavel

Rengan Rajaratnam to settle SEC insider trading charges

Mon, 27/10/2014 - 05:00

Former hedge fund manager Rajarengan “Rengan” Rajaratnam has agreed to pay more than USD840,000 and accept securities industry bars in order to settle the Securities and Exchange Comission’s (SEC) insider trading case against him. »

Fraud

SEC charges NYC high-frequency trading firm with fraud

Fri, 17/10/2014 - 13:36

The SEC has sanctioned a high frequency trading firm for placing a large number of rapid-fire trades in the final two seconds of trading each day to manipulate the closing prices of NASDAQ-listed stocks.   »

Singapore

CFTC issues no-action letter for Singapore Exchange Derivatives Clearing Limited

Fri, 10/10/2014 - 06:30

The US CFTC has issued a time-limited no-action letter stating that it will not take enforcement action against Singapore Exchange Derivatives Clearing Limited (SGX-DC) for failure to comply with the applicable swap data reporting requirements of Commission Regulations 45.3 and 45.4. »

Regulation

HFA cautions SEC on impact of raising accredited investor net worth requirements

Wed, 08/10/2014 - 16:02

The Hedge Fund Association (HFA) has submitted a comment letter to the US Securities and Exchange Commission (SEC) as the regulatory agency considers proposed changes to the definition of an “accredited investor” under Rule 501 of Regulation D. »

Jack Seibald, managing member at Concept Capital Markets

Basel III set to increase prime brokerage costs

Tue, 07/10/2014 - 11:33

Market regulation is starting to impact the way prime brokers do business with their hedge fund clients. The need to store away more capital and strengthen their balance sheets under Basel III regulations and other requirements imposed by central banks are set to redefine the way primes view their clients, with the return on assets they earn from them likely to become the de facto parameter. »

Kavitha Ramachandran, Maitland Group

Getting around AIFMD

Tue, 07/10/2014 - 11:28

By Kavitha Ramachandran, Maitland Group – The EU’s Alternative Investment Fund Managers Directive (AIFMD) has essentially created a vast ‘Fortress Europe’. As of 22 July this year, managers of alternative investment funds must become authorised under the Directive as ‘AIFMs’ (Alternative Investment Fund Managers) or accept the burden and uncertainty of the private placement regimes if they want to market their funds in Europe. »

Mark Ruddy, Ruddy Law

SEC enforcement: the state of play

Tue, 07/10/2014 - 10:35

Developing trends – Recent SEC investigations into hedge funds, investment advisers, officers, directors, and political intelligence firms have been indicative of two separate trends that are currently shaping SEC enforcement decisions. »

USA flag

Regulation puts US hedge funds firmly in the spotlight

Tue, 07/10/2014 - 10:11

Under the stewardship of Mary Jo White, Chairperson of the SEC, the US regulator is pursuing a “Broken Windows” enforcement strategy, as used to great effect by the New York police department in the 90s. »

Gavel

SEC charges two with insider trading on Pershing Square’s Herbalife announcement

Thu, 02/10/2014 - 06:00

The SEC has charged two individuals with insider trading on a hedge fund manager’s announcement that his fund had formed a negative view of Herbalife Ltd and taken a USD1 billion short position in its securities. »

Document signing

CFTC and ASIC sign MoU on supervision of cross-border entities

Wed, 01/10/2014 - 11:36

The US Commodity Futures Trading Commission (CFTC) has signed a memorandum of understanding (MoU) with the Australian Securities and Investments Commission (ASIC) on the supervision of cross-border entities. »

Clock

CFTC issues time-limited no-action relief for CDS clearing-related swaps

Tue, 30/09/2014 - 16:01

The US Commodity Futures Trading Commission (CFTC) has issued an extension to no-action letter 13-86 which provided time-limited relief relating to certain CDS clearing-related swaps. »

features
Article
EU Flag

Hedge fund manager outlook on the AIFMD

Wed, 22/07/2015 - 19:52

The introduction of the Alternative Investment Fund Managers Directive (AIFMD) into European law in 2013 was part of a series of moves towards greater regulatory oversight of the hedge fund industry in recent years. In our survey, we asked hedge fund managers for their views on the effect of these new regulations on the industry as well as their expectations about the impact of the AIFMD on their firm over the next 12 months, the results of which are analyzed in this extract from the Preqin Special Report: AIFMD in the Hedge Fund Industry – 2015 Update. ... »

Article
Ken MacCuish, Intralinks

A couple of years ago, the title Chief Information Security Officer, or CISO for short, was a foreign concept within the hedge fund community. The winds have changed, however, as hedge funds become increasingly targeted by cyber hackers, causing many to hire a CISO to uphold the network integrity of the firm.  ... »

Article
Sovereign Wealth Funds

Sovereign wealth funds, though small in number and secretive in nature, wield considerable influence as investors as a result of their sizeable assets under management. This extract is taken from Preqin’s latest report which features exclusive content from the 2015 Preqin Sovereign Wealth Fund Review.  ... »

Special report
Hedgeweek Special Report: Hedge Fund Administration

Hedge Fund Administration 2015

Tue, 16/06/2015 - 09:57

Mergers and acquisitions in recent years have changed the face of hedge fund administration. Big custodial banks are likely to dominate the HFA space in years to come, forming one part of a barbell with a number of well-run, well-capitalised independent HFAs on the other end. This report examines the implications for both hedge funds and their administrators... »

Article
North America

Private debt in North America

Fri, 05/06/2015 - 12:06

The North American private debt industry has seen substantial growth in assets over the last decade. This extract from the Preqin Special Report: Private Debt in North America looks at the current state of private debt fundraising and funds currently in market. ... »

latestjobs
Investment Banking Associate (Consumer)

Fri, 31 Jul 2015 00:00:00 GMT

Investment Banking M&A Associate

Fri, 31 Jul 2015 00:00:00 GMT

Lead Mobile Engineer – Mobile App Development

Fri, 31 Jul 2015 00:00:00 GMT

events
3 weeks 58 min from now - New York
4 weeks 1 day from now - Texas
5 weeks 2 days from now - New York
5 weeks 3 days from now - New York
specialreports