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.
The Bank of England (BOE) is intensifying its efforts to closely monitor risks in the non-bank financial sector, which includes private equity firms, hedge funds, and asset managers, according to a report by Institutional Investor.
Regal Funds Management Pty Ltd, one of Australia’s largest hedge funds, has been indicted by South Korean regulators as part of an expansion of Seoul’s crackdown on short-selling trading practices, according to report by Bloomberg.
A former hedge fund manager for Jefferies Financial Group is pushing back against a fraud lawsuit accusing him of knowingly investing over $100m of the fund’s money in a Ponzi-like scheme involving water vending machines, according to a report by
Activist hedge fund firm Elliott Associates has lost its appeal against the dismissal of its lawsuit against the London Metal Exchange over the cancellation of billions of dollars worth of nickel trades, according to a report by Reuters.
Capricorn Fund Managers, a London based regulatory hosting provider, has launched a new regulatory hosting platform in Dubai that will offer hedge funds and other investment managers a fast-track to setting up operations in the emirate.
Caroline Ellison, the former Chief Executive Office of Alameda Research, the now defunct cryptocurrency hedge fund controlled by FTX founder Sam Bankman-Fried, has been sentenced to 24 months in prison for her role in a multi-billion dollar fraud at the
