The Dubai Financial Services Authority has searched the offices of hedge fund startup Magellan Capital following allegations from a former trader that a senior executive concealed investment losses and discouraged internal risk reporting, according to a report by Bloomberg.
The Securities and Exchange Commission has voluntarily dismissed with prejudice its enforcement action accusing Auctus Fund Management – a Boston-based hedge fund adviser – of operating as an unregistered securities dealer, according to a report by Bloomberg.
In a move that could significantly ease regulatory pressure on hedge funds and private equity firms, US Securities and Exchange Commission Chairman Paul Atkins has called for a reassessment of new data reporting rules, according to a report by Bloomberg.
The Managed Funds Association has called on the UK government and regulators to overhaul the Alternative Investment Fund Managers Directive regime, proposing reforms that would reduce operational burdens for hedge funds while bolstering the UK’s global competitiveness.
European regulators are preparing to launch a sweeping stress test targeting non-bank financial institutions (NBFIs) in a move that could significantly increase regulatory scrutiny of hedge funds, private equity and credit managers, and other alternative asset players, according to a
A German court has dropped money laundering charges against Sanjay Shah – founder of defunct hedge fund Solo Capital Partners – in connection with a €330m ($374m) Cum-Ex tax fraud case, citing his conviction in a parallel Danish prosecution, according
Dubai-based hedge fund startup Magellan Capital Limited is facing regulatory scrutiny after a former senior trader filed complaints alleging misconduct by the firm’s top executive ahead of its anticipated $700m launch, according to a report by Bloomberg.
The Managed Funds Association has urged US financial regulators to maintain flexible margining practices in the Treasury repo market, warning that overly rigid guidelines could disrupt liquidity and increase systemic risk.
BlueCrest Capital Management, Michael Platt’s hedge fund-turned family office, has secured full regulatory approval to operate in Dubai, marking a significant milestone in its international expansion strategy, according to a report by Bloomberg.
The UK government is set to unveil sweeping changes to its regulatory framework for hedge funds and private equity firms, proposing a new lighter-touch regime for managers with less than £5bn in assets under management rather than the £100m threshold
