The Hedge Fund Standards Board (HFSB) is strengthening US representation on its board with the appointment of Dan Stern, the co-founder and co-chief executive of Reservoir Capital Group, the New York-based fund manager, as a trustee. This follows a
HM Revenue & Customs yesterday announced details of a revised Statement of Practice covering the tax treatment of UK-based investment managers and their overseas clients.
Alternative asset manager Aquila Capital has appointed Dorothee Goerz as senior fund manager. Goerz will be based at Aquila Capital’s office in London. She will be responsible for overseeing the launch of a new Aquila Capital value and event-driven long/short equity
The SEC this week announced the institution of a settled enforcement action against BISYS Fund Services, Inc, finding that BISYS aided and abetted over two dozen mutual fund advisers in de
The Securities and Exchange Commission has adopted rules designed to substantially increase protections for investors who turn their money and securities over to broker-dealers registered with the SEC. The new rules, approved by a 3-2 Commission vote, require broker-dealers
Tritone Capital Management has launched the TCM Global Strategy Fund LP, a global commodities hedge fund.
CBOE Holdings has reported second quarter 2013 net income allocated to common stockholders of USD45.5m, or USD0.52 per diluted share, compared with USD37.9m, or USD0.44 per diluted share, in the second quarter of 2012. On an adjusted basis, net
Jersey’s proactive and flexible approach to the adoption of new international regulation will ensure its funds industry can look forward to a positive future, according to Ben Robins, the new chairman of the Jersey Funds Association (JFA). Elected into
The turnover of investment certificates and leverage products traded on European exchanges rose significantly in the first quarter of 2013. Volumes were up by 19.97 per cent to EUR24.9bn year on year. This is shown by the latest
Finance professionals punched out in an eight-bout tournament at the seventh Xie Shares Hedge Fund Fight Nite. In usual fashion, the event was conducted in a marquee set-up on the grounds of the Indian Recreation Club. At 6.30pm, guests
