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.
The Financial Stability Board has proposed a new package of measures aimed at helping hedge funds and other non-banking sector investors better cope with with margin and collateral calls in times of market stress, according to a report by Bloomberg.
The Alternative Investment Management Association and its private credit affiliate the Alternative Credit Council have welcomed the publication of the updated Alternative Investment Fund Managers Directive (AIFMD) in the Official Journal of the EU.
Sanjay Shah, the British hedge fund trader accused of masterminding an allegedly fraudulent cum-ex trading scheme has told a Danish court that there was nothing illegal in his receipt of more than DKK9bn ($1.3bn) in dividend tax refunds from the
Sterling Trading Tech, a global provider of technology in order management, risk and margin, and trading, is working with brokerages, clearing firms and market participants to ensure their compliance with the SEC’s new T+1 settlement cycle rule on trades from
The National Association of Private Fund Managers, Managed Funds Association and the Alternative Investment Management Association have sued the US Securities and Exchange Commission over a new rule increasing scrutiny on the $27tn Treasury market.
British hedge fund trader Sanjay Shah appeared in court in Denmark on Monday on the opening day of his trail for allegedly defrauding the Danish tax authorities of DKK12.7bn ($1.8bn) through so-called ‘cum-ex’ tax schemes, according to a report by
A raft of new regulatory rules introduced in response to last year’s short seller attack on Adani, one of India’s biggest companies, has prompted several hedge funds to consider scaling back their investments in the country, according to a report
