North America http://www.hedgeweek.com/taxonomy/term/62/0 en CFTC names J Christopher Giancarlo as acting chairman http://www.hedgeweek.com/2017/01/23/247859/cftc-names-j-christopher-giancarlo-acting-chairman <p><em><strong>Commissioner J Christopher Giancarlo has been named as acting chairman of the US Commodity Futures Trading Commission (CFTC).</strong></em></p> <p><a href="http://www.hedgeweek.com/2017/01/23/247859/cftc-names-j-christopher-giancarlo-acting-chairman" target="_blank">read more</a></p> North America Moves & Appointments Mon, 23 Jan 2017 08:48:42 +0000 Emily.Perryman 247859 at http://www.hedgeweek.com Citigroup to pay USD25m to settle Treasury futures spoofing charges http://www.hedgeweek.com/2017/01/20/247821/citigroup-pay-usd25m-settle-treasury-futures-spoofing-charges <p><em><strong>Citigroup is to pay USD25 million to settle CFTC charges against for spoofing &ndash; bidding or offering with the intent to cancel the bid or offer before execution &mdash; in US Treasury futures markets and failed to diligently supervise the activities of its employees and agents.</strong></em></p> <p><a href="http://www.hedgeweek.com/2017/01/20/247821/citigroup-pay-usd25m-settle-treasury-futures-spoofing-charges" target="_blank">read more</a></p> North America Fri, 20 Jan 2017 08:49:53 +0000 Emily.Perryman 247821 at http://www.hedgeweek.com Enforcement director to leave CFTC http://www.hedgeweek.com/2017/01/20/247820/enforcement-director-leave-cftc <p><em><strong>US Commodity Futures Trading Commission division of enforcement director Aitan Goelman will leave the agency on 3 February 2017.</strong></em></p> <p><a href="http://www.hedgeweek.com/2017/01/20/247820/enforcement-director-leave-cftc" target="_blank">read more</a></p> North America Moves & Appointments Fri, 20 Jan 2017 08:46:44 +0000 Emily.Perryman 247820 at http://www.hedgeweek.com SkyBridge Capital sells majority stake with Anthony Scaramucci to step down immediately http://www.hedgeweek.com/2017/01/17/247696/skybridge-capital-sells-majority-stake-anthony-scaramucci-step-down-immediately <p><em><strong>The majority of global alternative firm SkyBridge Capital has been sold to &nbsp;RON Transatlantic EG and HNA Capital. Financial terms of the transaction have not been disclosed but at the end of November&nbsp;SkyBridge&nbsp;managed or advised on&nbsp;USD12&nbsp;billion.</strong></em></p> <p><a href="http://www.hedgeweek.com/2017/01/17/247696/skybridge-capital-sells-majority-stake-anthony-scaramucci-step-down-immediately" target="_blank">read more</a></p> Acquisitions North America Investing in Hedge Funds Funds of Hedge Funds Single Manager Hedge Funds Tue, 17 Jan 2017 16:52:17 +0000 beverlychandler 247696 at http://www.hedgeweek.com CFTC approves proposals on swaps data and other amendments http://www.hedgeweek.com/2017/01/16/247596/cftc-approves-proposals-swaps-data-and-other-amendments <p><em><strong>The US Commodity Futures Trading Commission (CFTC) has unanimously approved proposed changes to swap data rules that implement Congressional action to remove indemnification requirements for the use of swap data by other regulators.&nbsp;</strong></em></p> <p><a href="http://www.hedgeweek.com/2017/01/16/247596/cftc-approves-proposals-swaps-data-and-other-amendments" target="_blank">read more</a></p> North America Mon, 16 Jan 2017 08:36:03 +0000 Emily.Perryman 247596 at http://www.hedgeweek.com Jon Corzine to pay USD5m for MF Global’s unlawful use of customer funds http://www.hedgeweek.com/2017/01/06/247305/jon-corzine-pay-usd5m-mf-global%E2%80%99s-unlawful-use-customer-funds <p><em><strong>Jon S Corzine, former CEO of MF Global, is to pay a USD5 million civil monetary penalty for his role in MF Global&rsquo;s unlawful use of almost USD1 billion in customer funds and for his failure to diligently supervise the handling of customer funds.</strong></em>&nbsp;</p> <p><a href="http://www.hedgeweek.com/2017/01/06/247305/jon-corzine-pay-usd5m-mf-global%E2%80%99s-unlawful-use-customer-funds" target="_blank">read more</a></p> North America Fri, 06 Jan 2017 09:39:25 +0000 Emily.Perryman 247305 at http://www.hedgeweek.com OR Law launches as successor to Sanders Ortoli Vaughn-Flam Rosenstadt http://www.hedgeweek.com/2017/01/06/247291/or-law-launches-successor-sanders-ortoli-vaughn-flam-rosenstadt <p><em><strong>Law firm Ortoli Rosenstadt (OR Law) has launched as the successor to New York City-based Sanders Ortoli Vaughn-Flam Rosenstadt.</strong></em></p> <p><a href="http://www.hedgeweek.com/2017/01/06/247291/or-law-launches-successor-sanders-ortoli-vaughn-flam-rosenstadt" target="_blank">read more</a></p> North America Fri, 06 Jan 2017 07:34:26 +0000 Emily.Perryman 247291 at http://www.hedgeweek.com DOL Fiduciary Rule will encourage more dialogue and closer alignment with investors http://www.hedgeweek.com/2017/01/04/247262/dol-fiduciary-rule-will-encourage-more-dialogue-and-closer-alignment-investors <p><em><strong>The relationship that broker-dealers and registered investment advisors have with pension investors is set to be turned on its head on 10 April 2017 when the Department of Labor introduces the DOL Fiduciary Rule.&nbsp;</strong></em></p> <p><a href="http://www.hedgeweek.com/2017/01/04/247262/dol-fiduciary-rule-will-encourage-more-dialogue-and-closer-alignment-investors" target="_blank">read more</a></p> North America Wed, 04 Jan 2017 17:54:53 +0000 James.Williams 247262 at http://www.hedgeweek.com TABB forecasts market structure changes for US OTC fixed income in 2017 http://www.hedgeweek.com/2016/12/22/247066/tabb-forecasts-market-structure-changes-us-otc-fixed-income-2017 <p><em><strong>Though the US corporate bond and US treasury market has surged in size since the financial crisis in 2008, the unprecedented growth of US debt markets alongside a complete US regulatory overhaul has left the traditional market unstable and ushered in an age of innovation.</strong></em></p> <p><a href="http://www.hedgeweek.com/2016/12/22/247066/tabb-forecasts-market-structure-changes-us-otc-fixed-income-2017" target="_blank">read more</a></p> North America Thu, 22 Dec 2016 09:03:27 +0000 Emily.Perryman 247066 at http://www.hedgeweek.com Goldman Sachs fined USD120m for attempted manipulation of benchmark swap rates http://www.hedgeweek.com/2016/12/22/247062/goldman-sachs-fined-usd120m-attempted-manipulation-benchmark-swap-rates <p><em><strong>Goldman Sachs is to pay civil penalty of USD120 million to settle CFTC charges that it attempted, by and through certain of its traders in New York, to manipulate and made false reports concerning the US Dollar International Swaps and Derivatives Association Fix (USD ISDAFIX), a global benchmark for interest rate products.&nbsp;</strong></em></p> <p><a href="http://www.hedgeweek.com/2016/12/22/247062/goldman-sachs-fined-usd120m-attempted-manipulation-benchmark-swap-rates" target="_blank">read more</a></p> North America Thu, 22 Dec 2016 08:50:43 +0000 Emily.Perryman 247062 at http://www.hedgeweek.com Chicago trader to pay USD2.5m to settle CFTC futures spoofing charges http://www.hedgeweek.com/2016/12/21/247028/chicago-trader-pay-usd25m-settle-cftc-futures-spoofing-charges <p><em><strong>Chicago trader Igor B Oystacher and his trading company 3Red Trading are to pay USD2.5 million to settle CFTC charges over spoofing and using a &ldquo;manipulative and deceptive device&rdquo; while trading futures contracts on multiple exchanges.</strong></em></p> <p><a href="http://www.hedgeweek.com/2016/12/21/247028/chicago-trader-pay-usd25m-settle-cftc-futures-spoofing-charges" target="_blank">read more</a></p> North America Wed, 21 Dec 2016 10:42:18 +0000 Emily.Perryman 247028 at http://www.hedgeweek.com Hedge fund founder and CIO among seven charged over USD1bn fraud http://www.hedgeweek.com/2016/12/20/246997/hedge-fund-founder-and-cio-among-seven-charged-over-usd1bn-fraud <p><em><strong>Seven defendants, all formerly affiliated with USD1.7 billion New York-based hedge fund Platinum Partners, have been charged in connection with an alleged USD1 billion investment fraud.</strong></em></p> <p><a href="http://www.hedgeweek.com/2016/12/20/246997/hedge-fund-founder-and-cio-among-seven-charged-over-usd1bn-fraud" target="_blank">read more</a></p> North America Tue, 20 Dec 2016 12:46:13 +0000 Emily.Perryman 246997 at http://www.hedgeweek.com CFTC issues time-limited no-action relief for DCO swap clearing http://www.hedgeweek.com/2016/12/20/246968/cftc-issues-time-limited-no-action-relief-dco-swap-clearing <p><em><strong>The US CFTC has issued time-limited no-action relief to entities submitting swaps for clearing by derivatives clearing organisations (DCOs) operating under CFTC exemptive orders or no-action relief that CFTC staff provided (relief DCOs).</strong></em></p> <p><a href="http://www.hedgeweek.com/2016/12/20/246968/cftc-issues-time-limited-no-action-relief-dco-swap-clearing" target="_blank">read more</a></p> North America Tue, 20 Dec 2016 09:16:21 +0000 Emily.Perryman 246968 at http://www.hedgeweek.com RegTech to trigger asset management back office transformation in 2017 http://www.hedgeweek.com/2016/12/16/246854/regtech-trigger-asset-management-back-office-transformation-2017 <p><em><strong>Confluence predicts that the rise of regulatory technology (RegTech) in 2017 will trigger a transformation of the asset management back office, with improved data management and technology solutions delivering operating model improvements through automation.</strong></em></p> <p><a href="http://www.hedgeweek.com/2016/12/16/246854/regtech-trigger-asset-management-back-office-transformation-2017" target="_blank">read more</a></p> North America Europe Asia-Pacific Technology and software solutions Fri, 16 Dec 2016 09:10:38 +0000 Emily.Perryman 246854 at http://www.hedgeweek.com Madoff trustee requests allocation of USD342m to customer fund http://www.hedgeweek.com/2016/12/15/246812/madoff-trustee-requests-allocation-usd342m-customer-fund <p><em><strong>Irving H Picard, Securities Investor Protection Act (SIPA) trustee for the liquidation of Bernard L Madoff Investment Securities (BLMIS), has filed a court motion seeking approval for an allocation of recoveries to the BLMIS Customer Fund.</strong></em></p> <p><a href="http://www.hedgeweek.com/2016/12/15/246812/madoff-trustee-requests-allocation-usd342m-customer-fund" target="_blank">read more</a></p> North America Thu, 15 Dec 2016 09:58:12 +0000 Emily.Perryman 246812 at http://www.hedgeweek.com