Ponzi scheme

California court fines Gordon Driver and Axcess USD41m for commodity pool Ponzi scheme

The US District Court for the Central District of California has entered a final judgment and permanent injunction order against defendants Gordon A. Driver of Las Vegas, Axcess Automation and Axcess Fund Management, both Nevada companies owned and controlled by Driver, in connection with a commodity pool Ponzi scheme in which the defendants defrauded over 100 participants in the US and Canada of over USD14m.  »


Jason Scharfman, managing partner of Corgentum Consulting

Investors downgrade prime brokers, says Corgentum survey

Only 17 per cent of investors feel that prime brokers are the most important hedge fund service provider, according to a survey by Corgentum Consulting, a provider of hedge fund operational due diligence reviews. »


Rupert Vaughan Williams, Comada

Comada enhances security offering for hedge fund investors

Comada, a provider of transaction-driven software solutions for investors in hedge funds, has migrated its servers to a new data centre hosted by QuoVadis Services. »


Regulation

ASIC makes new rules on suspicious activity reporting and short sale tagging

The Australian Securities and Investments Commission has made new market integrity rules for suspicious activity reporting and short sale tagging requirements which will apply for the Australian Securities Exchange (ASX) and Chi-X markets. »


Pierre Lagrange, co-founder of GLG and chairman of Man Asia

GLG hires equity investment team in Asia

GLG Partners, the investment manager division of Man Group, has made a series of appointments in Asia to form a long-short equities team focused on fundamental stock picking. »


Matteo Dante Perruccio, chief executive and founding partner of Hermes BPK Partners

Hermes BPK Partners acquires Caliburn Greater China Fund

Hermes BPK Partners has acquired the USD100m Caliburn Greater China Fund.  »


Joachim Gottschalk, chairman and chief executive, Gottex

Gottex to hold EGM on 8 August to approve share buyback

Gottex Fund Management plans to hold an extraordinary general meeting on 8 August 2012 for the purpose of considering a proposed share buyback which was recently approved by the company’s board of directors. »


Great Wall of China

MSCI launches Barra China Equity Model (CNE5)

MSCI, a provider of investment decision support tools, has launched the Barra China Equity Model (CNE5), which captures the short and long term dynamics of the Chinese local market and includes the latest advances in risk methodology. »


Report and magnifying glass

Edhec-Risk Institute proposes new method for assessing hedge fund performance

In a report produced as part of the Newedge research chair on Advanced Modelling for Alternative Investments, Edhec-Risk Institute has evaluated the performance of hedge funds through a non-linear risk adjustment of returns. »


AIMA chief executive Andrew Baker

AIMA supports removal of ban on general solicitation and advertising by US hedge fund managers

The Alternative Investment Management Association has expressed support for the elimination of the ban on general solicitation and advertising by hedge fund managers in the US, but has said that only accredited investors should continue to be allowed to invest in hedge funds. »


Upcoming events

18 hours from now - London
2 days 18 hours from now - Vienna
6 days 18 hours from now - New York
6 days 18 hours from now - New York
6 days 18 hours from now - New York

Upcoming training

Mon, 29/09/2014 (All day) - London
Thu, 02/10/2014 (All day) - London