Two business associates in the hedge fund management industry have been charged with defrauding institutional investors and causing collective losses of more than USD311m, according to US Attorney Zane David Memeger. Helmut Kiener, 53, of Aschaffenburg, Germany, is charged by
Man Group, the world’s largest publicly listed hedge fund manager, has decided to start selling its Man AHL Tren
Following the enactments of the Securities and Investment Business Act, 2010 (SIBA) and Mutual Funds Regulations, 2010, the BVI Financial Services Commission (BVI FSC) has now released the Public Funds Code, 2010. The code, which will come into force on
Guernsey is well on the way to introducing a funds regime which is compliant with the EU’s proposed Alternative Investment Fund Managers Directive (AIFMD). The final Level 2 rules for the detailed implementation of AIFMD were published on 19 December
The US Commodity Futures Trading Commission (CFTC) has obtained more than USD860,000 in restitution and civil monetary penalties in a federal judgment against defendants Paul Abad of Orange County California, and his companies, Thirteen Thirty-Two, and Thirteen Thirty-Two, dba MRTS
The European Securities and Markets Authority (ESMA) has published final guidelines on remuneration of alternative investment fund managers (AIFMs). The rules will apply to managers of alternative investment funds (AIFs) including hedge funds, private equity funds and real estate funds.
Robert Koller, an Austrian citizen, who completed law degrees in both Austria and Spain, has been awarded a landmark decision in a dispute lasting several years in relation to the Austrian legal profession. Having first qualified as a lawyer in
The Commodity Futures Trading Commission has approved an exemptive order providing time-limited relief from certain cross-border applications of the swaps provisions of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Commission’s regulations. The purpose
Societe Generale Securities Services (SGSS) in the UK has launched a Fixed Income offering – an extension of a new asset class for existing client Liquidnet, which marks a successful migration for the Global Broker Dealer Services (GBDS) franchise. Through
GFI Group has introduced a new flat price Henry Hub Natural Gas desk. Based in New York, the desk is led by a team of three brokers, Greg Chaves, Chris McHugh and Eugene Marquardt, who have a combined 50 plus
