Commodity trader Lon Olen Friedrichsen (Friedrichsen) of Alton, Iowa is to pay USD2.1 million to settle a CFTC charges relating to a fraudulent scheme to illegally trade NYMEX West Texas Intermediate Light Sweet Crude Oil futures contracts on behalf of
International law firm Chadbourne & Parke has appointed Sean Dailey as counsel in the private funds group in its New York office. Dailey comes to Chadbourne from Skadden, Arps, Slate, Meagher & Flom where he worked in the investment management
Eurex Exchange, the international derivatives marketplace, has admitted its first directly connected trading participant in Japan – Nissan Century Securities. As part of Unicom Group, the brokerage firm offers a wide range of brokerage services and aims to expand its
Hedge fund manager James Palotta is to close his USD800m Raptor Global fund following investor withdrawals and losses, according to media reports.<
Lazard Asset Management (LAM) has launched the Lazard International Compounders Portfolio (Institutional: ICMPX; Open: OCMPX), which is managed by the Lazard International Compounders team, led by Louis Florentin-Lee and Barnaby Wilson. The fund invests primarily in companies listed outside of
Phoenix Fund Services have appointed Sophie Panchal as Head of Hedge Fund Sales. In this new role she will be working closely with Anthony Wolfe, Phoenix’s Business Development Director. Sophie has 14 years experience of working in financial services,
BlackRock’s results for the second quarter of 2018 reveal USD20 billion of total net inflows, positive across active, index and cash management. The figures represent an 11 per cent revenue growth year-over-year driven by base fees, performance fees and technology
Horseshoe Fund Services and Sudrania Fund Services are the latest firms to join the North American Fund Administration Association (NAFAA), a group for the alternative investment fund administration industry. Since launching in February 2018, NAFAA has added nine alternative fund
The European Securities and Markets Authority (ESMA) has published its first report on trends, risks and vulnerabilities in European Union securities markets and a risk dashboard for the fourth quarter 2012. The report looks at the performance of securities markets
The flash estimate for the Barclay CTA Index, compiled by BarclayHedge, indicates a 0.05 per cent loss in June. Year to date, the Index is down 2.00 per cent. “Trade war concerns sparked by economic sabre rattling shook grain markets
