The Securities and Exchange Commission, state regulators, and the Financial Industry Regulatory Authority (FINRA) announced today that Morgan Keegan & Company and Morgan Asset Management have agreed to pay USD200 million to settle fraud charges related to subprime mortgage-backed securities. Two
The Alternative Investment Management Association (AIMA), the global hedge fund association, has published a guide for investors and managers, written by members of AIMA’s Investor Steering Committee (ISC), that reflects preferences and priorities for institutional investors and investment allocations. The
The Lyxor Hedge Fund Index gained 0.4 per cent in August with 11 of the 14 Lyxor Strategy Indices ending the month in positive territory. The highest performing indices were the Lyxor L/S Credit Arbitrage Index (+1.5 per cent) and
Cheyne Capital Management (UK) has appointed Arron Taggart to its real estate debt team. Taggart is joining Cheyne as loan originator in the real estate debt team, which is headed by Shamez Alibhai and Ravi Stickney. Shamez Alibhai (pictured),
The US Commodity Futures Trading Commission (CFTC) has filed an enforcement action charging Jonathan W Arrington, Michael B Kratville, Michael J Welke and their companies, Elite Management Holdings Corp (EMHC) and MJM Enterprises LLC (MJM), all of Omaha, Neb, with
Sigma Partnership says it is becoming increasingly apparent to US, Asia and non-EU based managers and advisers that the EU directive is more protectionist than ever. The key decision makers in Europe are influencing revisions that favour a “Fortress Europe”
Alternative UCITS enjoyed further improvements in demand in Q2 2012, according to the first in a series of quarterly reviews of the UCITS sector produced by independent structuring specialis
London-based Merchant Capital, the asset management division of Merchant House Group Plc, has announced this week an ongoing advisory relationship with <
WTP Advisors’ Capital Markets division will separate from the company and become a standalone business effective immediately. The new business will be named Avalon Lake Partners and is relocating its headquarters to New York City. Led by industry veterans Lou Sala,
Advise Technologies, a software solutions provider for investment managers, has hired Tom Cahill as the company’s new General Manager for Europe. This announcement comes as Advise customers complete a second round of successful Alternative Investment Fund Managers Directive (AIFMD) Annex
