The Hedge Fund Working Group, representing leading hedge fund managers based mainly in the UK, has published a consultation document that puts improved disclosure to investors at the heart
The US Commodity Futures Trading Commission (CFTC) has filed a complaint against AlphaMetrix, a Chicago-based commodity pool operator and commodity trading advisor. The complaint alleges that AlphaMetrix misappropriated funds belonging to commodity pools it operated and sent false or misleading
The US Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action in the US District Court for the Southern District of New York against Donald R Wilson and his company, DRW Investments. The CFTC’s complaint charges Wilson and
As part of an initiative to combat hedge fund fraud by identifying abnormal investment performance, the Securities and Exchange Commission has announced enforcement actions against three separate advisory firms and six individuals for various misconduct including improper use of fund
Fiona Le Poidevin (pictured), chief executive of Guernsey Finance, explores how Guernsey’s investment and insurance expertise mean it is capitalising on the opportunities presented by the growth of Insurance Linked Securities (ILS). Insurance Linked Securities (ILS) are growing in popularity
A Bill to amend the BVI Business Companies 2004 (the BC Act) has been introduced in the BVI’s House of Assembly. The Bill, and the BVI Business Companies Regulations 2012 (“Regulations”), have also been published in the official BVI Gazette.
Jersey’s government has received assurances from the French Finance Ministry that the island will be removed from France’s list of uncooperative jurisdictions in due course. Officials from Jersey met with senior officials from France’s Ministry of Finance last week and
Securities and Exchange Commission Chairman Mary L Schapiro and senior SEC staff met today with the UK Financial Services Authority’s (FSA) chief executive Hector Sants (pictured) and its managing director of the conduct business unit Martin Wheatley as part of
Opus Fund Services is offering clients a solution for compliance with the Foreign Account Tax Compliance Act (FATCA). The solution will be delivered by the FATCA Service Bureau, a joint service from Markit and Compliance Technologies International (CTI). FATCA
NYSE Euronext’s London derivatives market, LIFFE Administration and Management (LIFFE) has now given formal notice of termination with respect to the services currently received from LCH.Clearnet Ltd under the Clearing Relationship Agreement to support NYSE Liffe Clearing, NYX’s London-based derivatives
