The former chief financial officer of a Miami Beach-based hedge fund has pleaded guilty to securities fraud after admitting to stealing more than $3m from his employer over a four-year period, accorfing to a report by Bloomberg.
Justin Ryan Schmidt, co-founder of cryptocurrency-focused hedge fund Translunar Crypto LP, has been sentenced to 37 months in prison after admitting to a scheme to evade millions of dollars in US taxes following his renunciation of US citizenship, according to
India’s securities regulator is considering allowing professional portfolio managers to take unhedged short positions in equity derivatives for the first time, potentially giving money managers greater flexibility to profit from falling share prices, according to a report by Bloomberg.
Chinese regulators appear to be preparing new rules for quantitative trading firms and the use of artificial intelligence in financial markets after recent losses exposed the risks of crowded technology-driven trades, according to a report by Bloomberg.
The US Treasury has warned hedge funds and other investment managers that it will scrutinise increasingly popular strategies designed to generate tax benefits for wealthy investors, saying it will not ignore aggressive tax planning, according to a report by
Japan’s ruling Liberal Democratic Party (LDP) has raised concerns over the potential for activist investors and PE firms to coordinate in take-private transactions, signalling possible regulatory changes that could reshape the country’s increasingly active shareholder engagement market, according to a
Connecticut-based hedge fund Deccan Value Investors has publicly rejected findings made by the US SEC in a 2022 enforcement action, becoming one of the first investment firms to challenge a settled case following the regulator’s decision to abandon its long-standing
The US Securities and Exchange Commission (SEC) has issued new guidance requiring activist investors to disclose the identities of clients backing their campaigns, a move that could reshape how hedge funds structure and finance shareholder activism, according to a report
Japan’s ruling Liberal Democratic Party (LDP) is preparing proposals to strengthen enforcement of shareholder disclosure requirements for activist investors, as policymakers seek to ensure greater transparency amid the continued growth of shareholder activism in the country, according too a report
CME Group has launched legal action against the US Commodity Futures Trading Commission (CFTC), arguing that the regulator acted unlawfully when it approved cryptocurrency perpetual futures contracts for prediction market operator Kalshi, according to a report by the Financial Times.
