The UK’s Financial Conduct Authority has resumed its legal battle with Michael Platt’s hedge fund-turned family office BlueCrest Capital Management, following a significant court loss regarding a $700m compensation demand for investors, according to a report by Bloomberg.

Alex Gerko, one of the UK’s largest taxpayers, has lost his legal battle challenging a British government decision that ordered him to pay income tax rates rather than corporation tax on earnings from trading foreign currencies at London hedge fund

Canadian Colin Heatherington, a former trader for Absolute Capital Management, has been sentenced to three-and-a-half years in federal prison for his involvement in a scheme to manipulate penny stock prices, aimed at inflating the hedge fund’s reported profits, according to

China’s $715bn hedge fund industry is facing significant upheaval as new stringent regulations come into effect next month, which are pushing some investment firms to seek fresh capital or even shutter their operations, according to a report by Reuters.

A staff member at Paris-based hedge fund Syquant Capital is under suspicion for allegedly providing insider information to his brother, facilitating profitable trades on stocks like ArcelorMittal and Alstom prior to market-moving announcements, according to a report by Bloomberg.

Mark Nordlicht, the founder of the now-defunct Platinum Partners hedge fund, has been sentenced to six months of home confinement for his role in a scheme to defraud bondholders of an oil and gas company, according to report by Reuters.

A Canadian hedge fund trader has been sentenced to four years in prison by a court in Ontario after defrauding investors by providing false information about their returns, according to a report by Bloomberg.

In an effort to bolster a struggling stock market, China’s securities regulator has implemented further restrictions on short-selling and committed to tighter oversight of computer-driven programme trading, according to a report by Reuters.