The US Commodity Futures Trading Commission (CFTC) has charged Victor Eugene Cilli and his company, Progressive Investment Funds LLC (Progressive), both of Hackensack, NJ, with operating a commodity pool Ponzi scheme that defrauded at least four investors of approximately USD506,000.
Gartmore has appointed Brian Mitchell as head of dealing. He will report to Dominic Rossi, Gartmore’s chief investment officer, and it is anticipated he will join in mid-January 2010. Mitchell has over 16 years’ investment industry experience, most recently at
May was undoubtedly a difficult month on global equity and commodity markets, and Australia’s were no exception. The ASX 200 lost over 2.3% having been down over 5% at one stage, but in spite of this the Absolute Return and
José Galeano has been named as head of investor relations manager for Swiss alternative investment company Altin. He will be assisted in this role by Marc T Clapasson. Galeano’s (pictured) previous role as an in expert in alternative investments
Law firm Walkers has named investment funds and finance specialist Mark Lewis as senior partner. He will continue to work closely with Walkers’ global investment funds group in addition to taking on the role of senior partner. He becomes
Gar Wood Securities has promoted industry veteran Craig Gantar to senior vice president and sales manager. Gantar has over 15 years of industry experience, and joined Gar Wood in 2007 as a senior client service associate on the Gar Wood
The Securities and Exchange Commission has charged an online brokerage and clearing agency specialising in options and futures as well as four officials at the firm and a customer involved in an abusive naked short selling scheme. The SEC’s Division
Following the acquisition and integration of Nexar, Union Bancaire Privée (UBP) has launched an alternatives division that offers clients broad alternative investment expertise and solutions. As part of this strategy, it has selected Guggenheim Fund Solutions (GFS) as its
Guernsey is reviewing its corporate tax regime in line with its agreed fiscal and economic strategy. The island’s current “zero-10” corporate tax regime was introduced on 1 January 2008. In subsequent discussions, officials from the UK Treasury confirmed that
The European Life Settlement Association has welcomed the frank address given by the UK Financial Services Authority at the Elsa/Lisa European Life Settlement Trade Mission in London. At the centre of the regulator’s comment was some concern relating to disclosure
