Bill Hwang, founder of the now-defunct hedge fund Archegos Capital Management, has been found guilty of securities fraud and market manipulation which resulted in billions of dollars in losses for global investment banks, according to a report by the Associated
Viridian Asset Management, a new hedge fund firm led by Pascal Guttieres, a former portfolio manager at Segantii Capital Management, has received approval in principle from Hong Kong’s securities watchdog, according to a report by Bloomberg.
Hong Kong’s Market Misconduct Tribunal has ordered Jonathan Dominic Iu Wai Ching, a former responsible officer of hedge fund Tarascon Capital Management (Hong Kong), to disgorge illicit profit of over $5.6m from false trading.
Asian regulators risk stifling trading activity and negatively impacting market liquidity as they intensify their oversight of strategies popular among hedge funds in a bid stabilise slumping markets, according to a report by Bloomberg.
The insider trading case involving Segantii Capital Management, its founder Simon Sadler and former trader Daniel La Rocca has been adjourned by a Hong Kong court until 15 October, according to a report by Reuters.
The Internal Revenue Service has formally apologised to Ken Griffin, founder of hedge fund giant Citadel, following the unauthorised release of his tax returns, according to a report by the Wall Street Journal.
Former Segantii Capital Management trader Robert Gagliardi has been implicated in a series of block trades involving insider information from Morgan Stanley, according to a report by the Financial Times.
Neil Phillips, co-founder of hedge fund firm Glen Point Capital, has been sentenced to probation instead of a two-year prison sentence for manipulating an exchange rate, partly because the victim was Morgan Stanley, according to a report by Bloomberg.
Terraform Labs and its former CEO, Do Kwon, have agreed to a $4.5bn settlement with the US. Securities and Exchange Commission following a jury verdict that held them liable for orchestrating a prolonged fraud involving crypto asset securities, according to
US federal financial regulators are lagging in their oversight of hedge funds’ use of AI for trading decisions, posing a serious threat to market stability, according to a report by FedScoop.
