Former hedge fund manager Rajarengan “Rengan” Rajaratnam has agreed to pay more than USD840,000 and accept securities industry bars in order to settle the Securities and Exchange Comission’s (SEC) insider trading case against him. The SEC filed civil charges in
Cube Capital, the global hedge fund manager with offices in London and Hong Kong, has made strengthening its re
Cube Capital, a London-based global alternative investment and advisory firm, has appointed Louise van der Vegt as director of marketing and business development. Van der Vegt joins Cube from Sturgeon Investments, where she was head of investor relations. Prior to
The London Metal Exchange (LME) has been appointed by the London Platinum and Palladium Fixing Company Limited (LPPFCL) to be the new provider of London platinum and palladium prices. The LME’s custom-built electronic solution, LMEbullion, will provide a pricing methodology
By Kavitha Ramachandran, Maitland – As the alternative investment market matures, investors are increasingly demanding far more information and transparency from fund managers in return for their capital. Transparency is the new name of the game. In this regard, the Alternative
The Depository Trust & Clearing Corporation and Swift have launched a web portal at www.ciciutility.org to begin assigning CFTC Interim Compliant Identifiers (CICIs) after being designated by the US Commodity Futures Trading Commission to do so. The CFTC announced plans
There is no experience as the one gained in the front lines. The fund industry struggles with changing regulation, and those companies whose business model is based on providing reporting services know best that the devil lies in the detail.
Global derivatives ADV down year-on-year following 2010 sovereign debt crisis, says NYSE Euronext Global derivatives average daily volume (ADV) of 10.6 million contracts in May 2011 decreased 20.6% versus the prior year, which benefited from unseasonally strong trading volumes due
With investor demands for greater transparency weighing heavily on the shoulders of hedge fund managers, BNY Mellon has responded by rol
Singapore-based hedge fund manager, Woori Absolute Partners (WAP), has joined forces with European global hedge fund incubation specialist, NewAlpha As
