Bear Stearns has announced three new hires as part of the expansion of its global prime brokerage franchise.
Crédit Agricole Asset Management (CAAM) has launched a range of five quantitative sub-funds: the CA Funds Quant range, within its flagship international SICAV Crédit Agricole
Six hedge fund groups are to be allowed to raise up to USD50m each in China and invest it overseas, according to an unconfirmed report in the 21st Century Business Herald, a local newspaper. The report said that Chinese regulators
Bob Devine has joined regulatory incubator Sturgeon Ventures as a portfolio manager. London-based Sturgeon’s client list includes a number of hedge, venture capital and private equity fund management companies. Devine has more than 40 years’ experience in fixed
Leading interdealer broker Icap has agreed to acquire, through its wholly-owned subsidiary Intercapital, Link Asset and Securities Company, a specialist global equity derivatives broker fo
The US Commodity Futures Trading Commission has obtained a default judgment and permanent injunction order against defendant Nicholas Cosmo, formerly of Lake Grove, New York, charged with defrauding investors of tens of millions of dollars in a commodity futures trading
Deutsche Asset & Wealth Management has added a euro-hedged share class for its db x-trackers MSCI World Index UCITS exchange-traded fund on the Deutsche Borse, reported indexuniverse.eu. The EUR2.2billion ETF tracks the market cap-weighted MSCI World Index which is made
Investcorp’s US-based hedge fund business has appointed Elena Ranguelova as head of credit and equity strategies. In this newly created role, Ranguelova (pictured) will be responsible for supporting the growth of both investments in emerging managers and the Single
The constituents of the Straits Times Index (STI) will be unchanged following the conclusion of its quarterly review. The STI reserve list, comprising the five highest ranking non-constituents of the STI by market capitalisation, will be (in order of
Cains, an offshore law firm based in the Isle of Man, has confirmed its intention to open an Asia-Pacific regional office in Singapore by July next year.
