Advent Software, a provider of software and services to the investment management industry, has hosted a series of events to educate hedge fund managers on the effective implementation
The US Commodity Futures Trading Commission (CFTC) has filed a civil injunctive enforcement action against Vertical Integration Group, Richard V Morello and Junior Alexis. The CFTC complaint charges the defendants with engaging in illegal, off-exchange financed transactions in precious metals
Hedge funds declined by an average of 2.34 per cent in November, according to the Barclay Hedge Fund Index compiled by Fairfield, Iowa-based BarclayHedge, bringing the index’s decline sinc
Financial information services company Markit has acquired thinkFolio, a London-based maker of portfolio management software. The software from thinkFolio offers sophisticated order management (OMS), portfolio modelling, compliance and cash management capabilities for the cash and derivative markets across multiple asset
Cazenove Capital has confirmed the appointment of Rupert Tyer as Non-Executive Director to the Board of Cazenove Capital Holdings. Tyer has recently retired from Cantillon Capital Management, where he was a founding partner of the London and New York
As the worst performance year on record for funds of hedge funds draws to a close, hedge funds are also facing record withdrawals, according to Standard & Poor’s Fund Services.
Alliance Development of Nevada and William Snyder of Washington have been ordered to pay restitution of USD550,000 and civil monetary penalties of USD1.65m and USD1.45m respectively to
Deutsche Börse Market Data + Services has acquired Impendium Systems, a London-based firm that deploys cloud-based software solutions to help customers’ achieve regulatory compliance in Europe, North America and Asia-Pacific. The acquisition was completed on 10 January 2014 for an
There was a pause in trade developments and solid corporate profits fuelled risk appetite last week pushing hedge funds strategies with the highest market beta higher, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team. CTAs outperformed
The Securities and Exchange Commission has charged Bernard L Madoff and his investment firm, Bernard L Madoff Investment Securities, with securities fraud for a multi-billion dollar Pon
