The Managed Funds Association says it is disappointed that the Securities and Exchange Commission’s short selling restrictions are not supported by empirical data. It says most market observers agree that price declines and decreased investor confidence during the financial crisis
The US Commodity Futures Trading Commission has charged Ronald W. Smith, Jr. of Vansant, Virginia, doing business as Safeguard 3030 Investment Club, with operating a Ponzi scheme involving the fraudulent solicitation of at least USD800,000 from at least 34 customers
By Derek Adler, Director, International Financial Administration Ltd – Let me state at the outset that I am absolutely in favour and welcome good regulation, but am opposed to regulation just for the sake of it. It is quite clear
Man Group is to acquire Pine Grove Asset Management, a USD1bn US-based fund of hedge fund manager specialising in the management of credit-focused hedge fund portfolios. The transaction is subject to customary closing requirements and is expected to close in
The International Organization of Securities Commissions’ Technical Committee has published details of an agreed template for the global collection of hedge fund information which it believes will assist in assessing possible systemic risks arising from the sector. The template was
Andy Lando has returned to Merlin Securities, a mid-tier prime brokerage services provider, as a senior partner. Lando, who was one of the firm’s founders in 2004, will head Merlin’s newly formed securities lending group. “We are delighted to
Alternative UCITS funds returned 0.75 per cent on average in May according to the latest figures released by Alix Capital, provider of the UCITS Alternative Index Global. Every strategy, with the exception of volatility, produced positive returns. The best performing
The US Commodity Futures Trading Commission has issued an order filing and simultaneously settling charges against UBS for exceeding the New York Mercantile Exchange’s position limits on certain natural gas, heating oil and platinum futures contracts on more than one
Cardano has appointed Stephanie Bruneau and Anna Genda to its London-based team. Bruneau joins Cardano’s investment management team and Genda joins the client team. Bruneau has over ten years’ investment industry experience. Before joining Cardano she worked for five years
Jersey is to host a high level conference organised jointly by the US Securities and Exchange Commission (SEC) and the Jersey Financial Services Commission. The purpose of the conference is to encourage international co-operation between securities authorities in order to
