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.
The UK’s Financial Conduct Authority has concluded its investigation into Odey Asset Management, and will not take any action against the London-based hedge fund firm, which closed this year following allegations of sexual misconduct against founder Crispin Odey, according to
AIMA, a global representative body for the alternative investment industry, along with the National Association of Private Fund Managers and Managed Funds Association, have filed a lawsuit challenging two new SEC rules.
TOP STORY: Hedge funds and brokerages have new requirements from the Securities and Exchange Commission to centrally clear far more of their US Treasuries trades in a structural overhaul for the $26tn market, according to a report by Bloomberg.
An alleged fraud in China that saw financial firms including a major hedge fund at its epicentre has cautioned the industry, with investment managers, regulators and brokerages racing to improve risk monitoring, according to a report by Bloomberg.
