The US Commodity Futures Trading Commission (CFTC) has filed a complaint in federal court in North Carolina, charging defendant Mitchell Brian Huffman of Charlotte, NC, with operating a fraudulent commodity pool scheme that defrauded participants of more than USD3.2 million
The European Energy Exchange (EEX) increased volumes on its power derivatives markets by 30 per cent in October to 339.3 TWh (October 2017: 261,3 TWh). In particular a four-fold increase in Phelix-DE Futures to 204.4 TWh as well as power
The State Street Global Investor Confidence Index decreased to 84.4 in October, down 3.4 points from September’s revised reading of 87.8. Confidence among European investors waned, with the European ICI decreasing from 100.2 to 90.9. The North American ICI declined
London-based Trafalgar Capital Management, an alternative asset manager established in 2001, announced this week it was m
Neuberger Berman, a private, independent, employee-owned investment manager, has appointed Leen Meijaard, former Blackrock executive, as a senior advisor, effective 1 November. Leen (pictured), will act as a consultant, advising on the Europe and Middle East institutional business, working with
Brevan Howard has announced it has launched its third newcits to partially replicate the performance of the firm’s USD24billion flagship.
The SEC has charged two Wall Street traders involved in a fraudulent “parking” scheme whereby one temporarily placed securities in the other’s trading book to avoid penalties that would affect his year-end bonus. The SEC’s enforcement division alleges that Thomas
Saxo Bank has announced two changes to its Board of Management designed to further strengthen client focus, corporate governance and strategy execution. Members of the Board of Management are appointed by the Board of Directors. The Board of Management now
The London Metal Exchange (LME) announces that the first twelve months of trading in cobalt and molybdenum has concluded with good volumes since the launch on February 22nd 2010. Cobalt trading has performed particularly well, with 7,825 tonnes traded during
Hedge fund returns since 26 October are up +0.5 per cent, primarily led by L/S Equity strategies, as investors’ hesitation gradually started to fade amid improving earnings reports, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
