The US Securities and Exchange Commission (SEC) has issued guidance to assist investment managers in applying Section 206(4) of the Investment Advisers Act of 1940 to their use of social media. According to law firm Sadis & Goldberg, the guidance
GFI Market Data, a division of GFI Group Inc (NYSE: GFIG) and QUICK Corp have signed an agreement whereby GFI will supply QUICK with credit derivatives market data as of 23 April, 2012. GFI Group, via its GFI Market
The Commodity Futures Trading Commission’s division of swap dealer and intermediary oversight has released a letter providing guidance to registered futures commission merchants (FCMs). The letter is intended to identify a situation whereby FCMs may be inappropriately using an omnibus
This week saw the launch of a new UCITS IV platform by Bryan, Garnier Asset Management (BGAM). The Bryan Garnier Umbrella Fund SICAV plc is domiciled in Malta and externally managed by Paris-based BGAM, who are regulated by the Autorité
HM Government of Gibraltar has signed a Tax Information Exchange Agreement with the Government of the Italian Republic. The minister with responsibility for financial services, Gilbert Licudi QC, signed the agreement at the London Embassy of the Italian Republic. Ambassador
The GlobeOp Forward Redemption Indicator for April 2012 measured 2.00%, down from 3.23% in March. “April’s forward redemptions dropped to two percent, the second lowest month on record and the lowest April in the history of the Indicator,” says
The hedge fund industry is an indirect beneficiary of the new JOBS Act in the USA as it will revolutionise how alternative investment funds are marketed to the public, according to Don Steinbrugge of Agecroft Partners… The new JOBS Act,
As the Cayman Islands Government’s Foreign Account Tax Compliance Act (FATCA) Task Force evaluates the suitability of a government-to-government reporting arrangement with the US, the local financial services industry is making its necessary preparations for managing FATCA. “Government is aware
A survey published by RBC Dexia Investor Services and KPMG shows how some of Europe’s largest asset managers plan to capitalise on Ucits IV and identifies how these reforms will contribute to wider changes across the European investment fund landscape.
Hedgebay Trading has launched the first hedge fund secondary market index. The Hedgebay Global Hedge Fund Secondary Market Index provides hedge fund investors with statistics on the key aspects of the secondary market. Most notably it offers the average discount
