The classic characterisation of the British is the stiff upper lip that enables them to face misfortune bravely and resolutely.
The continuing institutionalisation of the hedge fund industry can be illustrated by a growing demand among managers – and indeed their investors – for shadow administration. Market regulation is pushing firms to stay operationally compliant. As a result, hedge funds
Cantor Fitzgerald has appointed Noel Kimmel as senior managing director to head its new prime brokerage business.
The Honourable Ruben Castillo, of the US District Court for the Northern District of Illinois, entered an order freezing the assets of defendants Dimitry Vishnevetsky of Chicago, and his company, Oxford Capital, LLC (OCL), a defunct Wisconsin limited liability company.
Under the stewardship of Mary Jo White, Chairperson of the SEC, the US regulator is pursuing a “Broken Windows” enforcement strategy, as used to great effect by the New York police department in the 90s. In recent times, the SEC
Linedata has launched Linedata Disclosure Manager, an automated compliance monitoring service. The service allows firms to manage regulatory obligations across multiple jurisdictions while avoiding costly fines and penalties for non-disclosure. As financial markets become increasingly more complex and global
Bedell Trust has received regulatory approval and a variation of permission from the Financial Conduct Authority (FCA) to provide depositary services to UK alternative investment funds (AIFs) as well as "depositary-lite" services to non-EEA AIFs from its London office. Furthermore,
The London Metal Exchange (LME) has appointed Trevor Spanner as managing director of post-trade services, a key step in the LME’s project to take greater control of its clearing business. Spanner is currently chief operating officer at European Central Counterparty
S&P Capital IQ, a business unit of McGraw Hill Financial, and Kuberre Systems have launched a tool for traders, market makers and portfolio managers which offers real-time alerts about relevant news and information affecting investment holdings. The new product, Event
The Alternative Investment Management Association says it plans to mobilise the world’s hedge fund industry on the European Commission’s draft directive for Alternative Investment Fund
