Corry Capital Advisors (CCA) appoints Northern Trust to provide fund administration and related services for CCA’s US commingled funds. Pittsburgh-based CCA selected Northern Trust earlier this year to provide fund administration and depositary services for Irish-domiciled funds to support its
Chicago-based Hedge Fund Research, Inc. (HFR) reports that a performance-based rally drove industry assets to a record level of nearly $665 billion in Q2 2003. The $47 billion Q2 increase in industry size was comprised of only an estimated $1.4
Citi Investor Services has launched a global operating platform specifically for hedge funds. The offering provides Citi’s existing and future hedge fund administration clients a fully integrated infrastructure spanning the complete operating lifecycle of a hedge fund: from receipt of
The Securities and Exchange Commission has obtained an asset freeze against a Boston-area money manager and his investment advisory firm charged with misleading investors in a supposed quantitative hedge fund and diverting portions of investor money into his personal bank
The US Commodity Futures Trading Commission (CFTC) has filed a civil complaint charging Michael Justin Hoopes of Rexburg, Idaho, with fraud and misappropriation in connection with a commodity futures Ponzi scheme that defrauded Idaho residents, among others. On 25 October,
INTL FCStone has executed a definitive sale and purchase agreement to acquire the brokerage businesses of Tellimer Group. This transaction will involve the purchase of Exotix Partners, Tellimer Capital Ltd (Nigeria) and the broking business of Tellimer Markets Inc. The
Ares Management has appointed Suzanne Murphy as Global Head of Marketing and Investor Relations. In this new position, Murphy will work with the marketing teams for Ares’ Capital Markets, Private Debt, and Private Equity Groups in order to continue to
BTIG has added Keryn Limmer, a Managing Director, to its Outsource Trading division in New York. Limmer joins the unit from the firm’s Institutional Equities team, where she held a senior sales trading role for more than 15 years. “We
Dexion Absolute Limited, the fund of hedge funds, has announced plans for further fund raising on the back of strong performance. Dexio
The Securities and Exchange Commission has charged a pair of purported money managers with orchestrating an illegal “free-riding” scheme of selling stocks before they paid for them and netting USD600,000 in illicit profits. The SEC alleges that Florida residents Scott
