The US Commodity Futures Trading Commission (CFTC) has filed and simultaneously settled charges against Forex Auto Profits, LLC (FAP) and its founder, Darren L Shanks, formerly of South Jordan, Utah, for fraud and misappropriation in connection with operating a foreign
Four of the seven IQ Hedge family of investable hedge fund replication indices recorded positive returns in January, according to data released by IndexIQ. The IQ Hedge Long/Short Beta Index was the top performer, returning 1.77 per cent, followed by
Skandia Investment Group has moved swiftly following the news that Roger Guy is to retire from Gartmore, and has terminated a EUR38m mandate managed by Guy. James Millard (pictured), CIO, Skandia Investment Group says: “As a result of the developments
Offshore hedge fund jurisdiction Cayman Islands expects to register 1,200 new open-ended funds in 2010. This is the same figure as in 2009, bringing the total the number of Cayman hedge funds back to the pre-crash level of 9,589. While
Citi Capital Advisors (CCA), a global alternative asset management platform, has made significant progress towards the separation of certain of its businesses from Citigroup. The new independent asset management firm will be called Napier Park Global Capital. Material regulatory approvals
Northern European banking group SEB has seen a 20 per cent increase in mandates on its prime brokerage platform over the last 12 months. The platform has attracted 70 new hedge fund mandates in 2012, bringing the total number to
Fund of hedge funds manager International Asset Management says it continues to favour the opportunity set for long/short equity managers focused on the Asian and emerging markets. Morten Spenner, chief executive at International Asset Management, says there is a high
By Simon Gray – The Middle East is bouncing back from the financial and political turbulence of the past few years and with it the region’s alternative fund industry is again gaining traction. With Dubai shrugging off its debt problems
The FrontPoint-SJC Direct Lending Fund (FSJC) has held its final close with total commitments of more than USD1 billion. The fund’s strategy focuses on providing privately negotiated senior secured loans to US middle market companies that generate annual revenue of
Interview with Peter Hughes, group managing director, Apex Fund Services – Providing a full solution set that spans middle and back office fund administration, as well as specialised reporting and fund formation: that’s the primary focus at Apex Fund Services,
