Steven A Cohen has been prohibited from supervising hedge funds that manage outside money for two years after reaching a settlement with the SEC over charges that he failed to supervise a portfolio manager who engaged in insider trading while
Global law firm K&L Gates has continued to bolster its investment management, hedge funds and alternative investment practice with the addition of Derek Steingarten (pictured) as a partner in the firm’s New York office. Steingarten, who joins K&L Gates from Goodwin
CTA performance on the whole was flat in May, remaining flat for the year 2017, according to the latest performance figures for the SG CTA indices released by Societe Generale Prime Services. The Short Term Traders Index fared slightly better
Abbey Capital Limited’s mutual fund, the Abbey Capital Futures Strategy Fund surpassed USD300 million assets under management as at 31 December 2015. Launched on 1 July 2014, the Fund has returned over 23 per cent since inception and offers individual
Independent institutional and private client service provider JTC has extended the capabilities of its Cayman Islands office to offer a broad range of fund administration services, following the completion of its acquisition of GAM’s Cayman Islands fund administration business. Having
NEX Regulatory Reporting is to use Duco’s technology to provide MiFID II reconciliation to the firm’s clients. Reconciliation is a mandatory activity under MiFID II. The joint offering will use Duco’s reconciliation platform, Duco Cube, as a “black box” through
Accenture is to acquire Formicary, a provider of consulting and systems integration services for trading platforms in the UK and North America. Accenture believes the acquisition will further strengthen its capabilities in helping banks, asset managers, hedge funds and clearing
Prophet Capital Asset Management, a USD2.3 billion structured credit hedge fund, has adopted Broadridge Financial Solutions’ integrated trading, portfolio management and operating platform. “An established structured credit fund like ours, with a two-decade growth trajectory and an increasingly sophisticated investor
Sun Hung Kai Financial (SHKF) announced it has closed on its acquisition of 100 per cent of UK specialist brokerage and research firm North Square Blue Oak Limited (NSBO), following strategic cooperation between the two parties that started in early
Millennium Trust Company has launched the Millennium Alternative Investment Network (MAIN), a centralised online service dedicated to simplifying the custody of alternative investments. MAIN aims to deliver an efficient end-to-end solution for individuals and advisors looking to hold alternative investments
