The National Futures Association (NFA) has ordered AlphaMetrix LLC to satisfy its obligations to certain pool participants by 1 November. AlphaMetrix had deducted advisory fees for certain participants in commodity pools operated by the firm. Those fees were to be
Reports that the Ucits IV project might be delayed or scrapped altogether should hardly come as a surprise to those following the financial crisis.
Leaders of the US Commodity Futures Trading Commission (CFTC) and the Financial Services Agency of Japan (JFSA) have signed a memorandum of cooperation (MOC) regarding the supervision and oversight of regulated entities that operate on a cross-border basis in the
Jean L’Homme, a banking and finance lawyer previously with Freshfields Bruckhaus Deringer, has joined Proskauer Rose, an international law firm with more than 750 lawyers worldwide, as a p
Some key European markets are “gold-plating” the marketing requirements for legacy national private placement regimes (NPPR) over and above those required by the Alternative Investment Fund Managers Directive (AIFMD). This according to “AIFMD: The Road to Implementation”, a joint survey
As the global financial crisis continues to unfold, governments will have a fundamental decision to make regarding how to address enforcement issues.
Jérôme de Lavenère Lussan, managing partner of investment management consultancy Laven Partners, says that the fraud apparently perpetrated by Bernard Madoff lays bare
The Alternative Investment Management Association, the London-based international hedge fund industry body, says the sector is facing ‘a renewed wave of unwarranted criticism at a time whe
Frustrated investors in the defunct Bayou Management hedge funds run by Sam Israel, the fund manager who faked his death last month in a vain bid to escape prison for a USD450m fraud, are
The Depository Trust & Clearing Corporation (DTCC) has teamed up with six banks to launch Clarient Entity Hub, which is designed to provide increased controls, standardisation and transparency during the client on-boarding process and ongoing client lifecycle events. Clarient Entity
