The Australian Securities and Investments Commission has cancelled the Australian Financial Services Licence held by City Pacific. ASIC’s decision to cancel the licence was taken after discussions with the liquidators of City Pacific to ensure the timing of the cancellation
The London Metal Exchange (LME) has appointed Walid Al Attar as a member of its Aluminium Committee. Al Attar, responsible for marketing and sales at Emirates Global Aluminium (EGA), is the first representative from the Middle East to sit on
Campbell’s chief investment officer Kevin Heerdt is leaving the firm to pursue other interests. Heerdt has directed Campbell’s research efforts in recent years and was supported by a team of mathematicians and scientists who will remain with the firm.
Hedge funds ended May in positive territory with the Eurekahedge Hedge Fund Index up 1.15 per cent as global markets showed signs of stabilisation following a choppy start to the year. On a year-to-date basis, hedge funds are up 1.91 per cent while
Dr Richard Reid (pictured), director of research at the International Centre for Financial Regulation in London, says the controversy surrounding the role of credit default swaps in allegedly aggravating Greece’s fiscal problems illustrate differences between countries in Europe and beyond
Over 200 UCITS hedge funds have now been launched in Europe with many more in the pipeline. As the trend continues to grow, tighter regulation is needed both to protect retail investors and the UCITS brand.

 A new paper by
Euronext is to launch Spotlight Options, a segment dedicated to the development of new option classes requested by market participants, on its Amsterdam and Brussels derivatives markets in July. Through a combination of liquidity provider support and dedicated promotion by
The US Commodity Futures Trading Commission has filed a complaint against Arizona resident Helmut H. Weber, doing business as Weber Capital Management, charging Weber with operating a fraudulent off-exchange foreign currency scheme. The CFTC complaint, filed in the US District
EisnerAmper has launched EisnerAmper Compliance and Regulatory Services (CARS), a full-service consultancy providing outsourced compliance programmes and solutions to US and offshore investment advisers. CARS supports clients managing all asset classes including alternative (hedge funds, private equity funds, funds of
Deutsche Börse plans to expand the scope of tradable instruments on its pan-European Xetra International market from 86 securities at present to 1,000. By summer 2010 the existing offering for France, the Netherlands, Belgium, Finland, Spain and Italy will be
