The US CFTC has ordered Hong Kong-based bitcoin exchange, BFXNA Inc (Bitfinex) to pay a USD75,000 civil penalty for offering illegal off-exchange financed retail commodity transactions in bitcoin and other cryptocurrencies. The penalty also relates to Bitfinex’s failure to register
The Alternative Investment Management Association (AIMA) has welcomed the European Commission consultation on reducing barriers to the cross-border marketing of investment funds. AIMA believes that barriers to the take-up of the so-called “passport” for investment funds have held back growth
Sanne Group (SANNE) has completed the acquisition of IDS Fund Services (IDS), a leading independent South African based provider of outsourced investment administration services to the asset management industry, with a particular focus on hedge fund clients. IDS was established
SS&C Technologies Holdings has successfully transitioned Citi’s hedge fund customers to the latest version of the Geneva platform – SS&C’s real-time portfolio management, reporting and investor accounting solution. The swift implementation of Geneva 15.2 for Citi Alternative Investor customers demonstrates
EEX and Powernext have confirmed the launch date of the additional trading venues (non-MTFs) for German and French power derivatives as well as gas derivatives for all hubs and maturities available today through the regulated platform, in response to on-going
The latest Hedge Fund Exposure and Tail Risk report from eVestment seeks to quantify how major historical events, or current market shocks, might impact top hedge funds today across a variety of strategies and categories. To offer a broad look
Private equity firm TA Associates has completed the acquisition of Frank Russell Company’s asset management business (Russell Investments) from London Stock Exchange Group (LSEG) in a transaction valued at USD1,150 million. Reverence Capital Partners, a financial services-focused investment firm, partnered
Bedell Trust has announced the establishment of an operation in Cayman to further extend its international presence. Bedell Trust, which has a network of offices in key locations and an acknowledged reputation in corporate, trust, fund administration, international finance, employee
OTAS Technologies (OTAS), a provider of market analytics and trader intelligence, has partnered with Wall Street Horizon to provide its institutional investment and trading clients with highly accurate and timely corporate event dates and information. Through this partnership, Wall
Laurent Bélik has been appointed as managing director of Elian in Luxembourg. Bélik (pictured) was managing director of SFM Luxembourg for five years prior to the acquisition of SFM Europe by Elian in 2015. He now leads the combined Elian
