The US Commodity Futures Trading Commission has obtained an order against defendants One World Capital Group of Winnetka, Illinois and John Edward Walsh of Lake Forest, Illinois, requiring each to pay a USD260,000 civil monetary penalty for failing to demonstrate
361 Capital, an asset management firm specialising in liquid alternative investments, has entered into a strategic partnership with private equity firm Lovell Minnick Partners. Lovell Minnick Partners will assume a minority ownership stake in the Denver-based alternatives firm. Transaction terms
The National Futures Association has revoked the registrations of Jeremy J. Grena, Nabil P. Niman, Nicholas P. Payne, William M. Rill and Alexander M. Silverman, former associated persons of Pioneer Commodities and Windsor Wealth Management, firms based in Boca Raton,
The European Energy Exchange (EEX) and Eurex Exchange have jointly decided to concentrate trading in agricultural derivatives within EEX, in which Eurex holds a majority interest of 62.57 per cent. The move will give customers access to a large and
Hedge fund consulting and third party marketing firm Agecroft Partners has hired Tim Savage as its sixth managing director. Savage’s responsibilities will include assisting with due diligence on potential hedge funds the firm may represent, and introducing the firm’s hedge
The US Commodity Futures Trading Commission has obtained a preliminary injunction against Jay C. Nolan of Wilmette, Illinois and his company Lodge Capital Group of Northfield, Illinois for committing commodity pool fraud. The CFTC charged the defendants in January 2010
Abacus Financial Services Group (AFSG) has appointed David Stevenson as business development director. Based in the Isle of Man and Malta, Stevenson will work closely with chief executive officer Paul Kneen, to promote Abacus’ current services offering and explore new
Asset manager BlueMountain Capital Management has expanded its investor relations and marketing team with the hire of Jennifer Strickland as managing director. In addition, Josh Drazen has been promoted to managing director of investor relations and strategy. Prior to joining
Mudrick Capital Management, an alternative investment firm that focuses on distressed investing, has appointed Philipp Levy as head of marketing and investor relations, a newly created position. Levy (pictured) will be responsible for all aspects of marketing, sales and investor
Concerto Asset Management has appointed Jim Skufca as head of risk management and distressed portfolio manager. Skufca, who will be based in the firm’s Charlotte office, was previously head of capital and trading oversight for the fixed income division of
