The Commodity Futures Trading Commission has filed a civil enforcement action charging James R Velissaris of Atlanta, Georgia with fraud in connection with a multi-faceted scheme to overvalue the assets managed by his multi-billion dollar hedge fund. The CFTC seeks
Allianz is close to agreeing settlements with the major investors in its failed Structured Alpha hedge funds, which failed during the early days of the global pandemic, according to a report by Bloomberg.
Allianz SE is to take a charge of EUR3.7 billion to cover the collapse in 2020 of its Florida-based hedge funds, according to a report by Bloomberg.
Jonathan Flitt, Global Head of Alternative Investment Solutions at Clearwater Analytics, examines why the SEC is introducing new disclosure requirements, as well as how it will affect what, and when, firms report to regulators.
The Managed Funds Association (MFA), an organisation representing the global alternative investment and private funds industry, has released policy recommendations for market structure reform in the equity, Treasury, and security-based swaps markets. In its proposals, MFA advocates for proactive ways
Venable has filed a trade secret misappropriation lawsuit in the Southern District of New York on behalf of Hedgeye Risk Management, an independent investment research and online financial media firm.
Symbridge Holdings’ subsidiary Symbridge Capital has been granted membership approval by FINRA for its broker-dealer that will operate an alternative trading system (ATS) for digital asset securities, which will have ownership information tracked using blockchain technology. Symbridge Capital’s ATS is
Hedge funds and other institutional investors are monitoring activity by groups of retail investors on social media-style platforms such as Reddit, according to a report in Financial News (FN). FN quotes Patrick Ghali, Managing Partner at hedge fund consultancy Sussex
BlackRock is one of a number of asset managers and hedge funds said to be opposed to the SEC’s proposed reform of US securities lending laws, according to a report in The Financial Times.
The European Commission has decided that The Bahamas should be deleted from the EU’s anti-money laundering (AML) blacklist. On 22 December 2021 a meeting of the European Commission College of Commissioners was held, and the revision of the List of
