Hedge fund Alameda Research was the main channel used by bankrupt cryptocurrency exchange FTX to funnel about $2.2 billion to founder Sam Bankman-Fried the company new management team has claimed, according to a report by Reuters.
Ten hedge funds and asset managers have launched two new lawsuits against the London Metal Exchange over the cancellation of billions of dollars of trades in the nickel market last year, according to a report by Reuters.
The US Securities and Exchange Commission has accused crypto hedge fund BKCoin Management and one of the firm's co-founders, Min Woo “Kevin” Kang, of fraud and misusing investor funds and has successfully filed an emergency action to freeze assets and appoint a receiver for the business.
The Managed Funds Association, a trade body for the hedge fund industry, has written a letter to the UK's HM Treasury suggesting that the requirement for hedge funds to publicly disclose their short positions should be ditched in favour of regulator-only notifications, according to a report by Reuters.
The Alternative Investment Management Association, together with digital asset investors and industry experts, has published a new set of due diligence questionnaires for digital asset investment managers and funds.
The Options Clearing Corporation is to undertake remedial efforts and pay $17 million in penalties to settle Securities and Exchange Commission charges that it failed to comply with its SEC-approved Stress Testing and Clearing Fund Methodology rule during certain times between October 2019 and May 2021.
A draft proposal from US regulator the Securities and Exchange Commission, would make it more difficult for crypto firms to operate as "qualified custodians" for hedge funds private equity firms and other institutional investors, according to a report by Bloomberg.
An Asian subsidiary of US-based hedge fund Citadel, is looking to tap into investment opportunities on the Chinese mainland having submitted an application to the country's securities regulator to become a qualified foreign Institutional Investor (QFII).
Federal prosecutors are casting their net ever wider as they continue to investigate the collapse of Sam Bankman-Fried’s cryptocurrency empire, with his father, brother and former colleagues, having all now been contacted, according to a report by the New York Times.
Steve Cohen's Point72 Asset Management and Ken Griffin's Citadel are among a number of major hedge funds that the US Securities and Exchange Commission is targeting over the use of personal mobile phones and apps such as WhatsAp at work by certain employees, according to a report by Bloomberg.