CME Group Executive Chairman and President Terry Duffy has welcomed the European Securities and Markets Authority's (ESMA) recognition of CME Inc under EU regulations. "We are very pleased that today the European Securities and Markets Authority (ESMA) granted CME Inc's
KNEIP is one of the fund industry's foremost legal and regulatory report providers. Over the years it has helped traditional asset managers overcome the data management complexities of regulated UCITS funds. More recently, since the introduction of AIFMD, KNEIP has
The US CFTC has charged Haena Park (Park) and her companies Phaetra Capital GP, a/k/a/ Argenta Capital GP LLC, Phaetra Capital Management LP, a/k/a Argenta Capital LLC, and Argenta Group LLC, with fraudulently operating a commodity pool and misappropriation of pool
The US CFTC has ordered Hong Kong-based bitcoin exchange, BFXNA Inc (Bitfinex) to pay a USD75,000 civil penalty for offering illegal off-exchange financed retail commodity transactions in bitcoin and other cryptocurrencies. The penalty also relates to Bitfinex’s failure to register
RIMES, a provider of managed data services for the buy-side, is hosting its inaugural Regulatory Seminar on 9 June in London, bringing together compliance managers from within the buy-side industry ahead of months of significant regulatory change. This seminar will
Although it might not necessarily be top-of-mind for a start-up manager, if they are serious about building a proper business then establishing a culture of compliance from the get-go is important. A new hedge fund manager that is not required
US hedge fund managers face significant regulatory requirements, which this chapter cannot possibly cover in detail. But there are a few key areas of particular import, which shall be summarised below. In addition, this chapter will highlight some of the
Planning a hedge fund launch is a serious business. People need to decide whether they are truly ready, both financially and mentally, and be confident in their investment strategy. This may sound trite but all too often start-ups rush to
When embarking on any new business, it's important that one not only engages professionals with deep industry knowledge but also commercial knowledge to support the various stages of business growth. For anyone establishing a hedge fund, their needs are going
The two key questions that will drive fund structuring decisions are: Where is the money coming from and what do you want to do with it? This will determine whether the start-up manager launches a domestic Delaware LP structure, which
