INDOS Financial, the independent Alternative Investment Fund Managers Directive (AIFMD) depositary business, plans to use the FundApps Rapptr system to perform oversight over a hedge fund’s compliance with investment guidelines and AIFMD leverage limits. Bill Prew (pictured), chief executive
The Goldman Sachs Group, Inc’s multi-disciplinary hedge fund unit – Goldman Sachs Investment Partners – has launched a new hedge fund in Asia named Oryza Capital. Goldman Sachs is at present raising capital for the fund. Through this new fund,
Merrill Lynch has launched Merrill Middle Office Solution, an outsourced, prime broker-neutral platform to provide various middle- and back-office services for the hedge fund industry, in
Victoire Brasil Investimentos (VBI) is establishing a specialist fund management company in Hong Kong with emerging markets specialist Aquico Wen. The new 50/50 joint venture ‘Victoire Asia Investment’ (VAI) will be based in Hong Kong and headed by Wen who
The US Securities and Exchange Commission (SEC) has settled its action against Oregon-based hedge fund manager Yusaf Jawed, who masterminded a USD30m Ponzi scheme. Final judgments have been entered against Jawed and his two entities, Grifphon Asset Management and
HDF Finance, a leading French-based independent fund of hedge funds manager, has launched HDF Optimix 2x, a fixed-income long/short fund of hedge funds which is a two times leveraged versi
The European Energy Exchange AG (EEX) and the derivatives exchange Eurex are to cooperate in emissions trading.
The US Commodity Futures Trading Commission (CFTC) has approved the applications of tpSEF and Tradition SEF for temporary registration as swap execution facilities (SEFs). tpSEF and Tradition SEF’s applications for temporary registration as SEFs were approved by the Commission
The Commodity Futures Trading Commission (CFTC) has granted temporary registration of Tullett Prebon’s swap execution facility (SEF), tpSEF Inc. tpSEF is headquartered in New Jersey and is a wholly owned subsidiary of Tullett Prebon. It has been established to
In a further expansion of its leveraged finance practice, Milbank has appointed Laetitia Costa as special counsel based in the firm’s London office. Costa joins Milbank from the Paris office of Clifford Chance, where, as counsel, she focused on
