The Securities and Exchange Commission has charged a hedge fund manager and his Menlo Park, California-based firm for their involvement in the insider trading ring connected to Raj Rajaratnam and hedge fund advisory firm Galleon Management. The SEC alleges that
The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action (Complaint) against the principals of Berkley Capital Management, a binary options trading firm with offices in the US and the Netherlands and two pools that operated as Delaware
Financial advisors and investors are set to benefit from new Category Definitions for Alternative Funds implemented by the Canadian Investment Funds Standards Committee (CIFSC). They replace the single blanket ‘Alternative Strategies’ category, which applied to all alternative funds irrespective of
The Grand Court of the Cayman Islands last week handed down judgment in the closely followed case of Medley Opportunity Fund Ltd v Fintan Master Fund Ltd and Nautical Nominees Limited, says Peter Cockhill and Rachael Reynolds of Ogier. Medley
Two private-sector committees established by the President’s Working Group on Financial Markets have issued separate but complementary sets of best practice for hedge fund investors and as
When making investment allocations, eight out of 10 pension funds would favour a hedge fund manager that complied with the best practice standards recently outlined by the Hedge Fund Worki
By Ashley Le Feuvre, Senior Manager Funds/SPV Group, Volaw Trust & Corporate Services Limited – Jersey is an international finance centre for a range of financial services including fund administration. Businesses are attracted to Jersey by the Island’s stable government,
Mourant du Feu & Jeune has become the first law firm to establish unregulated funds in Jersey under the new regime introduced last month, taking advantage of the provision that exempts
The European Securities and Markets Authority has published two final sets of guidelines aimed at enhancing the protection of investors in the EU. The guidelines relate to the provisions under the Markets in Financial Instruments Directive relating to the suitability
The Securities and Exchange Commission has filed a civil action in the US District Court for the Southern District of New York alleging late trading fraud against London-based hedge fund m
