Hong Kong is preparing a significant expansion of its carried interest framework that could materially reduce tax liabilities for hedge funds and other alternative asset managers operating in the jurisdiction, according to a report by the Financial Times.
Jonathan Simpson-Dent, chairman of Edinburgh Worldwide Investment Trust (EWIT), has criticised UK regulator the Financial Conduct Authority (FCA) for failing to act decisively against activist hedge fund campaigns, according to a report by The Times.
Point72 Asset Management and Balyasny Asset Management have barred employees from participating in prediction markets through personal accounts, according to a report by Bloomberg citing unnamed sources familiar with the policies.
Infini Capital has confirmed that its business and investment operations “remain normal” following reports that Hong Kong authorities have launched an insider trading investigation involving multiple financial firms, accordoing to a report by Reuters.
JPMorgan Chase and UBS ended prime brokerage services for Hong Kong hedge Infini Capital Management months before authorities publicly disclosed an insider trading investigation involving the firm, according to a report by the Business Times citing unnamed sources familiar with
Hong Kong regulators have launched a joint investigation into a suspected HKD315m ($40m) insider trading scheme involving senior executives at several licensed financial institutions, including a hedge fund management firm.
Hedge fund manager and Odey Asset Management founder Crispin Odey is set to contest a ban from the financial services industry and a £1.8m fine imposed by the UK regulator, with a tribunal hearing scheduled to begin this week in
EU markets regulator the European Securities and Markets Authority (ESMA) is planning to reduce the compliance costs and complexity for hedge funds and private credit firms under new EU reporting rules, according to a report by Bloomberg.
The Bank of England is intensifying its focus on hedge fund leverage in the UK gilt repurchase agreement market, as concerns grow over concentration risk and potential threats to financial stability, according to a report by Bloomberg.
Regulatory fines in financial services are rising 12% annually. With EU cybersecurity initiatives jumping from 12 to 45, and DORA enforcement starting January 2025, the compliance treadmill is accelerating. Most firms respond by spending more. This can be £50k-£80k on
