Weeden Investors, the parent company of Weeden & Co – a full-service institutional broker, has completed the acquisition of Saxis Group, a full-service prime brokerage business. Under the confidential terms of the agreement, Saxis Group becomes a wholly owned
The Securities and Exchange Commission has obtained an emergency court order to halt an ongoing Ponzi scheme that targeted members of the Persian-Jewish community in Los Angeles. The SEC alleges that for the past two years, Shervin Neman raised more
Trishield Capital Management, an investment manager focused on investments in distressed and special situations, has appointed Robert L Harteveldt as chief executive officer. Harteveldt joins Trishield from the global investment bank Jefferies LLC, where he was co-head of global
Jason Allison has joined Walkers’ Cayman Islands office as a partner in the global investment funds group. Allison, an offshore investment funds practitioners, has close to ten years' experience advising on Cayman Islands law. After spending over five years
Prices of depositary receipts (DRs) for Asian technology companies led gains in the first quarter as DR trading rose more than 10 per cent over the end of 2012, according to the BNY Mellon Classic ADR Index Series. Their
Thames River has confirmed that it plans to launch a global emerging markets absolute return fund on 1 June.
The US Commodity Futures Trading Commission (CFTC) has filed a complaint in federal court in Idaho charging Brad Lee Demuzio of Chubbuck, Idaho and his company, Demuzio Capital Management, with operating a Ponzi scheme that solicited nearly USD1.8 million. The money was
It seems everyone is scrambling to extend their service offerings ahead of July’s implementation of UCITS IV.
Investment management company Kestrel Investment Partners (Kestrel) has launched a new global multi-asset fund, the Kestrel Global Portfolio. The fund launches with GBP25 million assets under management and a Silver grading from S&P. The Kestrel Global Portfolio will be managed
Advise Technologies, a software solutions provider for regulatory compliance, will offer the first CPO-PQR e-filing platform to the National Futures Association (NFA) EasyFile portal. This will be the first time that filing electronically is possible for Form CPO-PQR.
