New Jersey based hedge fund Chatham Asset Management and the firm’s founder Anthony Melchiorre have agreed to pay more than $19.3 million to settle Securities and Exchange Commission (SEC) charges that they improperly traded fixed income securities.
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.
A number of Credit Suisse Additional Tier 1 bond holders, who saw their investments written off completely under the terms of rival UBS’ rescue of the stricken bank, are talking to lawyers about possible legal action, according to a report
The US Securities & Exchange Commission has postponed a planned vote on a proposed new rule aimed at protecting the stability of the financial system by detecting risk in the $20 trillion private asset management sector.
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
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
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 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.
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
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
