Insparo Asset Management has appointed commodity specialist Lucas Wurfbain to oversee a new global food fund, expected to be launched later this year. Wurfbain brings with him a wealth of experience in the commodity space, having worked at Fortress Investment
The UK’s fund management industry has been given an extra year to comply with the EU’s Alternative Investment Fund Managers Directive (AIFMD), says Bovill, the financial services regulatory consultancy. In its consultation on how to implement the European rules, HM
The Securities and Exchange Commission’s decision to lift the ban on general solicitation by hedge funds and other private placements to sophisticated investors, part of the Jumpstart Our Business Startups (JOBS Act) law signed more than a year ago, marks
Spectrum, a provider of middle office services and fund administration for hedge funds and funds of funds, has made four new hires.
SkyBridge Capital, a research-based alternative investment firm headquartered in New York, and Woori Investment & Securities, headquartered in Seoul, South Korea, have formed a strategic partnership that will allow for the distribution of SkyBridge’s hedge fund products throughout Korea and
Offshore law firms Carey Olsen and Hempel and Boyd are entering into an association to provide their clients with British Virgin Islands (BVI), Cayman Islands, Guernsey and Jersey legal services. Carey Olsen is an offshore law firm with offices in
Tarpon Trading a global macro foreign exchange manager, has launched its currency trading programme on the Horton Point incubation platform. Tarpon is run by J Stephen Theall, a 20-year veteran of quant FX and global macro trading at such
Overall alternative Ucits strategies delivered solid performances in 2012, but managed futures struggled to keep up, according to the Q4 Alceda Quarterly Ucits review from Alceda Fund Management. The top performer of 2012 was the Equity Long Short Index which
Stonehaven, a placement agent focused on hedge funds, private equity, real estate, venture capital, private placements and long-only strategies, has added two key personnel to its senior team. Mark Sullivan, as a managing director and partner, and will work
The Securities and Exchange Commission has charged a former executive at New York-based broker-dealer Jefferies & Co with defrauding investors while selling mortgage-backed securities (MBS) in the wake of the financial crisis so he could generate additional revenue for his
