Poor staff behaviour towards rival firms has prompted Chinese regulators to ban one of the country’s top quant funds – Shanghai Minghong Investment Management Co – from launching new investment products, according to a report by Bloomberg.
DE Shaw & Co has agreed to pay $10m to settle Securities and Exchange Commission charges that it made employees sign agreements prohibiting the disclosure of confidential corporate information to third parties, without including an exception for potential SEC whistleblowers.
Citadel is preparing to take a much harder line over the SEC’s widening Wall Street WhatsApp probe than the almost two dozen banks that have already agreed to hefty settlements during the past two years over staff use of the
Dr Robert Adelman, an ex-client of Proskauer Rose, has settled a $636m malpractice lawsuit against US law firm over his ousting from a hedge fund he co-founded, after a judge ruled the case could go to trial, according to a
Managed Funds Association has urged the Federal Trade Commission to withdraw its proposed amendments to the Hart-Scott-Rodino (HSR) premerger notification rules in a comment letter submitted this week.
The activities of some hedge funds and brokerages engaged in quantitative trading have attracted the attention of Chinese financial markets regulator The China Securities Regulatory Commission, according to a report by Reuters.
Managed Funds Association has submitted a letter to the UK’s Financial Conduct Authority supporting the implementation of a consolidated tape for fixed-income markets, in response to the FCA’s consultation paper on the subject.
Hedge funds and other private investment firms, including private equity and venture capital funds, face having to spend billions of dollars to ensure compliance with a raft of new rules adopted by the SEC last month, according to a report
The founders of bankrupt cryptocurrency hedge fund Three Arrows Capital – Zhu Su and Kyle Davies – have been issued nine-year prohibition orders by the Monetary Authority of Singapore, according to a report by Bloomberg.
The Alternative Investment Management Association (AIMA), and Managed Funds Association MFA, along with four other industry bodies, have filed a law suit challenging the adoption of the new Private Funds Advisor Rules by the US Securities & Exchange Commission (SEC).
