Preet Bharara, the US Attorney for the Southern District of New York, has made charges against 14 Wall Street professionals and attorneys arising out of their ongoing investigation of insider trading at hedge funds and stock trading firms. The charged
A withholding tax ruling expected from the European Court of Justice (ECJ) could lead to investment funds receiving a EUR4.2bn tax rebate, says Deloitte, the business advisory firm. The case, which relates to the French withholding tax regime, will
RBC Investor Services has launched a Global Derivatives Platform for listed and OTC derivatives. This single platform and operating model was developed to deliver middle and back-office services to listed and over-the-counter (OTC) derivatives for a wide range of global
Signia Wealth Limited has appointed Ameet Patel as head of alternative investments. He will be based in the London office and will report to CIO Gautam Batra. Patel’s role will focus on building Signia’s hedge fund investment proposition as
The US Commodity Futures Trading Commission has filed a notice of intent to revoke the registrations of Gordon A Driver and Axcess Fund Management. Driver, a resident of Las Vegas, Nevada, is registered with the CFTC as an associated person
Trading volumes for NYSE Euronext’s global derivatives and cash equities exchanges were mixed both year-over-year and month-over-month across most venues in April, but reflected some strengthening relative to weak first quarter 2012 levels. NYSE Euronext global derivatives ADV in April
There’s not been a lot to shout about, aside from the odd high profile fund launch, for Asia’s hedge fund industry this year.
OVS Capital, the European equity focused event driven investment manager, has added two new members to its business team. Robert Moore joins OVS to manage treasury and finance. Moore previously spent over 14 years at GLG Partners as a manager
SEB’s Dynamic Manager Alpha fund is now accessible to retail investors via a new Ucits format. Launched in 2005 as a managed account, the strategy has a seven year track record, returning consistent positive growth every year since inception. The
The Alternative Investment Management Association, the global hedge fund industry association, has formed a new AIMA Council, its board of directors. The new non-executive chairman was named by AIMA last week as the former US Securities and Exchange Commissioner Kathleen
