US District Court Judge George Daniels of the Southern District of New York has entered four separate orders stemming from an investigation code-named “Operation Wooden Nickel”, an undercover law enforcement sting conducted by the Commodity Futures Trading Commission, the Federal
A change to Jersey’s legislation will help bolster the jurisdiction’s standing as a centre for hedge fund business, according to Jersey Finance. The introduction of a new exemption in Jersey’s Financial Services Law, designed to simplify and encourage the establishment
The Irish Stock Exchange has published a series of revisions to its listing rules, which are effective from 24 September 2009. Kinetic Partners says the revisions are a welcome and timely move by the exchange and are in keeping with
Gar Wood Securities has added three industry veterans, Darren Day, Christopher Calvert and Joseph McDonald. Gar Wood's expansion is an effort to increase the firm's presence in the emerging manager space by providing prime brokerage and capital introduction to new
Asset managers have told TABB Group that they are focusing more attention on index derivatives as market structure changes in both OTC and cash markets are impacting their portfolio decisions. As they change the way they manage cash flows and
SEI has expanded the regulatory compliance component of its global operating platform to meet Annex IV transparency reporting requirements under the EU’s Alternative Investment Fund Managers Directive (AIFMD). SEI’s Investment Manager Services division is a global supplier of customised operating
NYSE Euronext’s proposal for the expansion of the Securities and Exchange Commission’s penny pilot programme, filed by NYSE Arca options, has been approved for market wide implementation by the SEC. The approval will extend the proposed pilot through 31 December
By Louise Guillemette (pictured, above) and Poseidon Retsinas (pictured, left), both Legal Counsel at Innocap Investment Management – The managed account space is evolving from the traditional standardised and commingled offering toward customisation for single investors. Innocap offers its investors dedicated investment vehicles of multiple types,
Despite the decision by CalPERS to divest their hedge fund investments, for the vast majority of institutions they remain a crucial part of their asset allocation. Some of the more sophisticated pension plans are building in-house capabilities to strengthen their
CTAs are up 1.5% over the week as short positions on commodities, including oil, once again proved to be a driver of performance, according to Lyxor. CTAs had nonetheless a diversified source of gains, posting profit on equities, rates, and
