CFTC allows Hong Kong Futures Exchange's futures contract to be offered and sold in the USA

The CFTC has permitted the offer and sale in the USA of the Hong Kong Futures Exchange Limited's (HKFE's) futures contracts based on the FTSE/Xinhua China 25 Index (FXC) and the Hang Seng »

AIMA issues Guidance Note on hedge fund side letters

AIMA this week published a Guidance Note on the use of side letters that offers clarification on key issues that have been raised by the regulatory community. »

Revenue unveils draft of new Statement of Practice for UK investment managers

HM Revenue & Customs yesterday announced details of a revised Statement of Practice covering the tax treatment of UK-based investment managers and their overseas clients. »

Luxembourg unveils proposed law on Specialised Investor Funds

Luxembourg could introduce a new type of fund vehicle designed to encourage the development of hedge funds and other types of alternative investment before the end of the year, after the g »

BISYS Fund Services to pay USD 21 million to settle fraud charges in connection with "improper marketing arrangements" with mutual funds

The SEC this week announced the institution of a settled enforcement action against BISYS Fund Services, Inc, finding that BISYS aided and abetted over two dozen mutual fund advisers in de »

Resolution and Hexam launch second new product

Resolution Asset Management and Hexam Capital Partners have launched their second fund, the Global Resources Absolute Return Fund. »

M2M Management launches shipping fund

M2M Management has launched the first physical and futures maritime freight fund, Global Maritime Investments Ltd (GMI). »

Harcourt launches Belmont Asset Based Lending Ltd

Harcourt Investment Consulting AG has launched Belmont Asset Based Lending Ltd, its first fund of funds fully dedicated to asset based lending strategies. »

Tritone Capital Management Launches Global Commodities Hedge Fund

Tritone Capital Management has launched the TCM Global Strategy Fund LP, a global commodities hedge fund. »

SunGard appoints Gareth Quinn as MD of Alternative Investments

Gareth Quinn has joined SunGard's Enterprise Solutions group as managing director of alternative investments. »

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