The Investment Management Association has welcomed new rules to allow fund managers to distribute non-Ucits funds to professional investors in EU member states.
IFG Group has signed an agreement for the sale of its entire International Division (Segment) to AnaCap Financial Partners II LP. The purchase price is GBP70 million (EUR84 million) which will be paid in full on the completion of the
Asset management firms are still using too much jargon in their Key Investor Information Documents (KIIDs) and not enough plain language, as indeed they are required to do. A survey of 110 advisers at the end of 2013 by Kii
The Commodity Futures Trading Commission (CFTC) has filed and simultaneously settled charges that Roy Scarboro, Jr of Archdale, NC, fraudulently solicited approximately USD713,000 from customers to trade off-exchange foreign currency (forex). The CFTC order also finds that Scarboro misappropriated
Singapore Exchange (SGX) is revising the fee structure for its securities market to make trading more cost-efficient and to facilitate market making and improve liquidity. The revisions to clearing and depository fees will be rolled out from 2 May 2014.
360 Global Capital, a New York-based hedge fund advisor has launched an onshore UCITS version of its equity l/s fund reported HFMWeek this week.
PrimeOne Solutions, a division of CoreOne Technologies, has launched an end-to-end solution for Canadian prime brokers, accommodating the specific interfaces and regulations of the Canadian securities ecosystem. PrimeOne Canada offers packaged multi-asset class systems and integration to various downstream systems
London-based alternative fund manager RAB Capital has appointed Charles Kirwan-Taylor as chief investment officer in the wake of a decline in assets as a result of fund closures to USD1
Hedge fund managers are set to face a new layer of regulation at European Union level, amid a global regulatory clampdown on the financial industry in response to the financial crisis of t
Swiss banking group SYZ & Co this week announced the launch of OYSTER US Selection, a new sub-fund of its OYSTER Luxembourg UCITS SICAV.
