Digital Assets Report

Compliance

US federal prosecutors widen FTX/Alameda inquiry

Federal prosecutors are casting their net ever wider as they continue to investigate the collapse of Sam Bankman-Fried’s cryptocurrency empire, with his father, brother and former colleagues, having all now been contacted, according to a report by the New York

SEC to up scrutiny of hedge funds’ crypto custodians

A draft proposal from US regulator the Securities and Exchange Commission, would make it more difficult for crypto firms to operate as “qualified custodians” for hedge funds private equity firms and other institutional investors, according to a report by Bloomberg.

Citadel sets sights on China

An Asian subsidiary of US-based hedge fund Citadel, is looking to tap into investment opportunities on the Chinese mainland having submitted an application to the country’s securities regulator to become a qualified foreign Institutional Investor (QFII). According to the China

MFA backs FCA’s SDR and investment label objectives

The Managed Funds Association, a representative body for the alternative investment industry, has submitted a written response to the Financial Conduct Authority’s consultation paper on Sustainability Disclosure Requirements (SDR) and investment labels, expressing its support for the objectives but calling

EU flag

ESMA wants UK hedge funds to bolster EU presence

European financial watchdog the European Securities and Markets Authority (ESMA) wants London-based hedge funds and asset managers to demonstrate that they have established a suitable physical presence in the European Union, according to a report by Reuters.

Cole-Frieman & Mallon launches hedge fund cybersecurity law practice

With the Securities & Exchange Commission proposing tighter cybersecurity requirements for hedge funds and other asset managers, Cole-Frieman & Mallon LLP, a boutique law firms serving the investment management industry, has launched a new cybersecurity law practice.  Cole-Frieman & Mallon

Point72 granted UK regulatory approval at third time of asking

Steve Cohen’s Point72 has been granted regulatory approval in the UK, a decade after his previous firm paid a record $1.8 billion in fines after pleading guilty to insider trading charges, according to a report by the Financial Times. The

Bankman-Fried blames hedge fund for FTX collapse

Former FTX chief executive Sam Bankman-Fried, who pleaded not guilty to multiple federal criminal charges in Manhattan last week, has blamed failings at his hedge fund Alameda Research for the collapse of his cryptocurrency empire, according to a report by

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