A probe by South Korea’s financial regulator into short selling which began last year has so far uncovered an alleged KRW211.2bn ($156m) worth of illegal trading activity by nine unnamed global investment banks, according to a report by Bloomberg.
MFA has submitted a comment letter to the Commodity Futures Trading Commission, making recommendations on how the commission should approach the use of artificial intelligence tools in derivatives markets.
The Asset Management Association of China has published tighter rules for the country’s hedge fund sector, including an increase in the minimum asset threshold as well as new restrictions on the use of derivatives and leverage, according to report by
A regulatory crackdown in South Korea last year saw hedge funds Segantii Capital Management and Point72 Asset Management fined along with proprietary trading firm Jane Street Group and other investment firms, according to a report by Bloomberg.
Hong Kong’s Securities and Futures Commission (SFC) has launched insider trading criminal proceedings against hedge fund Segantii Capital Management, Founder and Chief Investment Officer Simon Sadler and ex-trader Daniel La Rocca.
MFA, a representative body for the global alternative asset management industry, has submitted a comment letter to the FCA urging the authority to withdraw its proposal to publicly name financial firms under investigation.
A regulatory crackdown on the so-called basis trade, a hedge fund strategy that looks to exploit price differences between Treasury futures and bonds, could cause a “significant” hit to short-dated credit markets, according to strategists at UBS Group.
The controversial cum-ex trades that allegedly defrauded the Danish tax authorities of £1.4bn were “completely legal”, according to Sanjay Shah, the founder of hedge fund firm Solo Capital Partners and the man accused of masterminding the scheme, according to a
The Financial Regulatory Authority of Egypt has proposed amendments to the executive regulations of the country’s Capital Market Law that would allow for the launch of hedge funds in the country, according to a statement by the authority.
MFA has urged the Securities and Exchange Commission to improve access to Treasury clearing by making substantive changes to the proposed Fixed Income Clearing Corporation Treasury clearing rules in a comment letter.
