President Donald Trump has revived calls to eliminate the carried interest tax deduction, a longstanding benefit cherished by hedge fund managers and private equity executives, according to a report by Bloomberg.

Guenther Klar, a former trader at Solo Capital Management who was convicted for his role in the massive Cum-Ex trading scandal, which defrauded Denmark of DKR12.7bn ($1.8bn), has had his prison sentence reduced by a Danish appeals court, according to

The Securities and Exchange Commission and the Commodity Futures Trading Commission have pushed back the compliance date for new Form PF reporting requirements, granting hedge funds and PE managers more time to adjust to the new regulations.

The Managed Funds Association (MFA) has written a letter to the Securities Exchange Commission (SEC) outlining four policy recommendations for Acting Chair Mark Uyeda to prioritise on his first day in office.

The MFA, together with three other trade associations, has requested that the Securities and Exchange Commission and Commodity Futures Trading Commission extend the compliance deadline for the amended Form PF requirements by six months.

A Danish court has sentenced Briton Sanjay Shah, founder of hedge fund Solo Capital Partners, to 12 years in prison for orchestrating a $1.3bn fraud scheme, marking one of the harshest sentences for tax fraud in the country’s history, according

Gregoire Tournant, the former Chief Investment Officer at Allianz SE’s US-based Structured Alpha hedge funds, has been sentenced to 18 months of home confinement for his role in a fraud that contributed to $3.2bn in investor losses, according to a

MFA has submitted a comment letter in response to the European Commission’s Consultation on the Functioning of the EU Securitisation Framework, encouraging the introduction of reforms aimed at improving “the appeal and competitiveness” of the markets.