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.
Sam Bankman-Fried, the founder of collapsed crypto exchange FTXn and hedge find Alameda research, has lost his appeal seeking to overturn his fraud conviction and 25-year prison sentence, after a US federal appeals court upheld the original ruling in full,
Sam Bankman-Fried, the disgraced founder of collapsed crypto exchange FTX and hedge fund Alameda Research, has submitted a formal request for a presidential pardon from US President Donald Trump, according to a report by Bloomberg citing records from the US
US federal prosecutors have dropped securities fraud charges against former Prophecy Asset Management executive Jeffrey Spotts, bringing an abrupt end to a closely watched case linked to the collapse of the hedge fund firm and the activities of its founder,
Segantii Capital Management founder Simon Sadler told a Hong Kong court that he was under significant personal and professional strain in 2017, the year central to allegations that the hedge fund traded on material non-public information in connection with Esprit
An Ontario court has approved the distribution of assets recovered from the receivership of defunct hedge fund manager Traynor Ridge Capital Inc, while dismissing a multimillion-dollar damages claim brought by an energy company, according to a report by Investment Executive.
Prominent short seller Andrew Left has been found guilty of securities fraud charges in a closely watched US case that many market participants believe could reshape the legal and regulatory landscape for activist short selling, according to a report by
Hong Kong is considering new tax measures aimed at enhancing its appeal to hedge fund managers, private market investors and other investment professionals, according to a report by Reuters citing industry participants familiar with the proposals.
Avelacom has launched a new direct low-latency route between Bangkok and Tokyo, delivering less than 65 milliseconds round-trip delay (RTD) following optimisation of the terrestrial fibre segment between Thailand and Japan.
Investor redemptions from hedge funds remained relatively subdued in May, according to the latest SSC GlobeOp Forward Redemption Indicator, suggesting allocators are maintaining exposure despite continued market volatility.
