Hedge fund Solo Capital’s founder Sanjay Shah, who has been accused of masterminding a £1.44bn ($1.83bn) dividend tax fraud against Denmark, said that he had depended on others for tax and legal advice in a London court on Tuesday, according
New York state legislators are considering a change to an existing law that imposes a 9% interest rate on defaulted sovereign emerging-market bonds which, if enacted, could make cases like Elliott Investment Management’s dispute with Argentina less likely, according to
Neil Phillips, the co-founder of hedge fund Glen Point Capital who was convicted of manipulating the US dollar-rand exchange rate to trigger a payout on a $20m option, should not be sent to prison, according to his lawyers.
The US Treasury Department and the Securities and Exchange Commission have jointly proposed a number of new rules aimed at preventing the use of hedge funds and other investment vehicles to launder money or fund terrorist activity, according to a
China is currently investigating a hedge fund firm after it stopped repaying its investors. The move comes in the wake of increased scrutiny of the RMB5.5tn ($760bn) industry, according to a report by Bloomberg.
Bill Hwang, the founder of failed hedge fund Archegos, which went bust in 2021 leaving banks nursing billions of dollars in losses, will face trial this week on alleged securities fraud and market manipulation charges, according to a report by
New York-based bank JPMorgan Chase & Co will limit its interactions with Segantii Capital Management, a $4.8bn Asian hedge fund led by Simon Sadler, which is currently facing insider trading charges in Hong Kong, according to a report by Bloomberg.
South Korean regulator the Securities and Futures Commission (SFC) has asked prosecutors to investigate alleged capital markets rules violations by Australian hedge fund firm Regal Funds Management, according to a report by Bloomberg.
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.
