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.
The Managed Funds Association (MFA) has urged the European Commission (EC) to refrain from applying a one-size-fits-all macro-prudential regulatory framework to nonbank financial intermediaries (NBFIs) in a comment letter submitted this week.
Ocean Leonid Investments, a hedge fund reportedly linked to Iranian oil trader Hossein Shamkhani, has informed staff in its Curzon Street office in London’s Mayfair that the firm is preparing to liquidate its operations in the UK, according to a
RTW Investments, a $6.5bn hedge fund focused on investment in the life sciences sector, is under investigation by the Securities and Exchange Commission (SEC) for its role in a contentious proxy fight involving medical technology company Masimo Corp, according to
The US Treasury Department has launched an investigation into JPMorgan Chase over its dealings with a hedge fund allegedly tied to Iranian oil trader Hossein Shamkhani, raising questions about compliance with financial regulations, according to a report by Bloomberg.
The Securities and Exchange Commission (SEC) has been dealt another significant defeat in its regulatory push after a Texas federal judge overturned a rule requiring certain firms to register as dealers in the US Treasuries market, according to a report
Spain’s High Court has launched an investigation into US-based hedge fund Gotham City, accusing it of disseminating “misleading” information about Spanish pharmaceutical firm Grifols, which triggered a sharp decline in the company’s stock price, according to a report by AFP.
Sung Kook “Bill” Hwang, the former billionaire investor behind Archegos Capital Management, was handed an 18 year prison sentence on Wednesday for orchestrating one of the largest financial frauds in US history, according to a report by Reuters.
The manager of Katsu Fund, a hedge fund marketed as using artificial intelligence (AI) to guide its trading strategies, has been arrested and charged with securities fraud, wire fraud, and money laundering, according to a report by Investment Executive.
