The first Danish conviction in the ‘Cum-Ex’ tax evasion scandal has seen a hedge fund trader sentenced to six years behind bars for his role in a scheme that cost the country’s treasury an estimated DKK12.7bn ($1.9bn), according to a
A group of hedge funds with exposure to mortgage bonds and average gross leverage in excess of 2,000% has attracted the attention of the European Securities and Markets Authority over concerns of potential market risk, according to a report by
A vote on new regulations, which would introduce a requirement for hedge funds and proprietary trading firms to register as dealers, has been postponed by the Securities and Exchange Commission, according to a report by Bloomberg.
Having agreed to pay more than $19m to settle US SEC charges relating to improper bond trading, hedge fund Chatham Asset Management is now looking to recoup those costs, plus damages, from its compliance adviser Advisor Compliance Associates, according to
China’s securities regulators have asked a number of hedge fund managers to restrict short selling of stock index futures as part of wider plans to stabilise the country’s declining markets, according to a report by Reuters.
The Securities and Exchange Commission has finally confirmed that it is to permit the creation and trading of spot bitcoin exchange-traded funds, with issuers and analysts anticipating billions of dollars of new flows as a result.
AIMA, one of the world’s largest hedge-fund associations has voiced concerns over Hong Kong’s proposed rules for “market soundings”, saying they risk imposing an undue compliance burden on companies and people licensed in the city, according to a report by
Prosecutors have opted not to pursue a second trial against Sam Bankman-Fried, the former boss of collapsed cryptocurrency exchange FTX and related hedge fund firm Alameda Research, according to an Associated Press report.
The founders of collapsed cryptocurrency hedge fund Three Arrows Capital (3AC) have been hit with a worldwide freeze on $1.14bn of assets ordered by a court in the British Virgin Islands, according to a report by Barrons.
South Korea’s Financial Services Commission has issued fines totalling over KRW2bn ($1.54m) to three unnamed global hedge fund firms over a series of alleged unfair stock transactions, according to a report by Reuters.
