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.
South Korea has filed an appeal against a ruling by a Hague-based arbitration court that ordered the country to pay $32m to US hedge fund Mason Capital Management as compensation over its intervention in the 2015 merger of two Samsung
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.
