Bankrupt cryptocurrency exchange FTX has filed a lawsuit against Anthony Scaramucci and his hedge fund, SkyBridge Capital, as part of its broader strategy to recoup funds for creditors following its collapse, according to a report by Fortune.
Caroline Ellison, the former CEO of hedge fund Alameda Research and a central figure in the $11bn FTX cryptocurrency exchange scandal, has begun her two-year prison sentence in a Connecticut federal facility.
The Tel Aviv Stock Exchange (TASE) has published a proposal to recognise hedge fund holdings in companies listed on the exchange as part of their free float calculations, aligning with international market practices, and is asking for comments on the
The recent record level of US Treasuries basis trade bets by hedge funds has attracted increased regulatory attention, with global financial watchdog the Financial Stability Board (FSB) considering an investigation into the strategy, according to a report by Bloomberg.
The UK’s Financial Conduct Authority (FCA) has issued a warning to former hedge fund manager Crispin Odey, indicating it plans to take regulatory action over his attempts to obstruct a disciplinary investigation into sexual harassment claims, according to a report
Xiao Zhang, co-founder of prominent Chinese quantitative hedge fund Pinestone Asset Management Co, has been indicted by a federal grand jury in Boston on charges related to the alleged theft of trade secrets, according to a report by Bloomberg.
Hong Kong’s Securities and Futures Commission (SFC) has revised its guidelines on market sounding practices, softening certain requirements after receiving feedback from hedge funds and banks, according to a report by Bloomberg.
Jefferies Financial Group’s hedge fund, 352 Capital, is pursuing the recovery of millions of dollars in compensation from former portfolio manager Jordan Chirico, alleging his involvement in a $100m fraudulent scheme, according to a report by Bloomberg.
Bankrupt hedge fund Weiss Multi-Strategy Advisers LLC and its top creditor, Jefferies Financial Group, are in discussions to potentially settle their ongoing litigation, which stems from the collapse of George Weiss’s eponymous hedge fund, according to a report by Bloomberg.
Hedge fund firm Altana Wealth has been accused of misusing trade secrets to establish a profitable fund by London-based investment IlliquidX, according to a report by Bloomberg citing claims made during an ongoing UK trial.
