The Securities and Exchange Commission has settled charges against a former Florida-based cryptocurrency hedge fund Galois Capital Management for failing to comply with requirements related to the safeguarding of client assets.
Alternative investment industry representative body the MFA has encouraged the Basel Committee on Banking Supervision to adopt flexible, risk-based guidelines on counterparty credit risk management in a comment letter submitted today.
MFA has submitted a comment letter in support of the goals of the European Securities and Markets Authority’s (ESMA) proposal to enhance access to market data through improvements to the MiFID II/MiFIR regime.
Sound Point Capital Management has agreed to pay $1.8m to settle SEC charges that it failed to establish, maintain and enforce written policies and procedures for handling material nonpublic information in its trades of collateralised loan obligations.
Managed Funds Association, a representative body for the global alternative asset management industry, has called for the swift implementation of a properly calibrated consolidated tape in the European Union in a comment letter to the European Securities and Markets Authority
Liquidators for the defunct cryptocurrency hedge fund Three Arrows Capital are seeking at least $1.3bn from TerraForm Labs, the bankrupt digital assets firm co-founded by Do Kwon over losses incurred from the 2022 collapse of TerraForm’s TerraUSD and Luna tokens,
The Securities and Exchange Board of India has proposed new regulations aimed at curbing the trading surge in index options, a move that will affect high-frequency traders, quantitative funds and brokerage firms, according to a report by Reuters.
South Korea has lost its appeal against a ruling that ordered the country to pay more than $100m to US hedge fund Elliott Management, according to a report by Reuters. The dispute centres on the 2015 merger of two Samsung
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.
Chinese computer-driven “quant” hedge funds experienced significant losses in the first half of the year, underperforming traditional stock strategies domestically and other popular global fund strategies, according to a report by Reuters.
