A probe by South Korea’s financial regulator into short selling which began last year has so far uncovered an alleged KRW211.2bn ($156m) worth of illegal trading activity by nine unnamed global investment banks, according to a report by Bloomberg.
MFA has submitted a comment letter to the Commodity Futures Trading Commission, making recommendations on how the commission should approach the use of artificial intelligence tools in derivatives markets.
The Asset Management Association of China has published tighter rules for the country’s hedge fund sector, including an increase in the minimum asset threshold as well as new restrictions on the use of derivatives and leverage, according to report by
Hedge funds turned bullish on consumer stocks during the week ending 3 May as the latest economic data, including a softening in the US labour market, and comments by Federal Reserve Chair Jerome Powell combined to revive bets on interest
Fidelity Prime Services, the prime brokerage of Fidelity Investments’s institutional trading arm, has appointed Jeffrey Cantafio as Vice President of Business Consulting in New York, where he will report to James Coughlin, Senior Vice President, Prime Services.
London-based quantitative macro-credit manager Tabula Capital will sell its parent European ETF business Tabula Investment Management, which was founded in 2018, to global asset manager Janus Henderson Group.
A bond market basis trade that has attracted the attention of regulators concerned about financial stability risks has helped hedge fund Exodus Point to chalk up a gain of around 2% for the year to the end of March, according
A regulatory crackdown in South Korea last year saw hedge funds Segantii Capital Management and Point72 Asset Management fined along with proprietary trading firm Jane Street Group and other investment firms, according to a report by Bloomberg.
New York-based diversified financial services firm Clear Street has made several senior-level hires within the prime brokerage business of its institutional division, expanding its derivatives, algorithmic and cap intro teams.
S&P Global has completed its acquisition of Visible Alpha, a financial technology provider of deep industry and segment consensus data, creating a new offering of fundamental investment research capabilities on its Capital IQ Pro platform.
