The Securities and Exchange Commission has charged a Santa Monica-based hedge fund manager and his investment advisory firm with conducting a "cherry-picking" scheme by steering winning trades to their own trading accounts and favoured clients to the detriment of certain
Hedge and private equity fund manager FSI Group has joined the AlphaMetrix TransparentFund platform. FSI Group will retain its existing service providers and enhance its already robust infrastructure by offering investors risk monitoring, reporting, customised transparency and a thorough background
The partners of Bedell Cristin have announced a plan to merge with Cayman-based law firm, Solomon Harris. It is hoped that the deal will complete by the end of August, and Solomon Harris will rebrand as Bedell Cristin at a
Liquidnet, an institutional investment community that enables secure and anonymous block trading of equities, has expanded its trading operations to include listed securities from Israel. Liquidnet will commence trading in this market on 1 November making it the first block
CBOE Volatility Index (VIX index) futures set a new single-day volume record of 212,800 contracts (estimated) on 31 December 2012. The new daily record eclipsed the previous single-day record of 190,081 contracts traded on 13 September 2012. This is the
Kinesis, the creator of bullion-based currencies traded on the blockchain, has formed a liquidity partnership with Finemetal Asia, a specialist distributor of physical precious metals. Finemetal Asia will be providing liquidity for the soon to be launched Kinesis currencies,
The Life & Longevity Markets Association has launched a series of technical publications that aim to bring the creation of a longevity market a step closer. For the first time there is now a publicly available market-standard approach to the
The international derivatives markets of Eurex Group ended 2012 with a turnover of approximately 2.3 billion contracts, compared with 2.8 billion in 2011. The total volume for 2012 splits into 1.7 billion contracts traded at Eurex Exchange (2011: 2.0 billion)
Maples Fiduciary Services has expanded its investment funds team in the Cayman Islands with the addition of Abali Hoilett as senior vice president and fund director. Hoilett has extensive experience in providing director and trustee services to a wide array
Howard E Cotton and Michael S Gordon, both seasoned trial attorneys with decades of experience in high-stakes commercial litigation, have joined BakerHostetler as partners based in New York. Cotton (pictured), and Gordon come to BakerHostetler to continue their more than
