The exponential growth of Big Data will trigger a sharp rise in UK financial services firms being investigated, and potentially fined, by regulators, according to Data-as-a-Service provider Anomaly42. The warning follows a string of high-profile cases of international banks facing multi-million
The US Commodity Futures Trading Commission has obtained more than USD20.3m in civil monetary penalties and equity relief in a federal judgment order against David Michael Kogan and his company First Capitol Futures Group, both of Sherman Oaks, California, in
Appleby, a provider of offshore legal, fiduciary and administration services, has appointed five partners. Richard Addlestone has joined the funds and investment services team and is based in the Cayman Islands office. He has over 16 years experience and was
ABC Quant, a provider of risk management analytical solutions for the hedge fund industry, has launched the Quant Suite Morningstar edition, which offers a choice of risk management and portfolio allocation tools for institutional investors and investment advisers. Morningstar, a
Private equity firm The Carlyle Group has appointed Michael “Mitch” Petrick as managing director and global head of credit alternatives and capital markets. Petrick will also become a member of the firm’s operating committee. Petrick, who joins Carlyle after a
Eurex Clearing, the clearing house of Deutsche Börse Group, has introduced the second release of the new risk system Eurex Clearing Prisma. Clearing members and clients are now able to benefit from portfolio margining capabilities within an asset class as
Steel Partners Japan Strategic Fund (Offshore) has commenced a proxy solicitation campaign seeking support for the election of its slate of ten director-nominees to the board of directors of Sapporo Holdings. Steel Partners is seeking the support of Sapporo shareholders
Third Eye Capital, an investor in Canadian private credit, has appointed Christopher Vokes as vice president, investor relations. Vokes is a seasoned marketing professional with experience in both the institutional and retail investment markets. In the newly-created role, Vokes
Aitan Goelman has been appointed as the US Commodity Futures Trading Commission’s (CFTC) director of the division of enforcement. Goelman (pictured) is a former federal prosecutor with more than 20 years of experience litigating both criminal and civil matters.
The Australian Securities and Investments Commission has delayed the commencement of short seller obligations to lodge short position reports from 1 April 2010 to 1 June 2010. It has also rescheduled the commencement of ASIC obligations to publish aggregated short
