PEGAS, the pan-European gas trading platform operated by Powernext, achieved its best trading results on its spot segment in 2018 by reaching 1,111.2 TWh, improving its previous record (826.2 TWh in 2017) by over 34 per cent. The total traded
Lazard Asset Management (LAM) has launched the Lazard Alternative Strategies 1099 Fund, a fund of hedge funds that offers investors the ability to participate in the hedge fund asset class with a minimum investment of USD25,000. In lieu of K-1s,
Toronto money management firm Sceptre Investment Counsel and Fairfield Greenwich Group, a USD16.6bn hedge fund and fund of hedge funds manager based in New York, have launched a co-operati
Guardian Capital Group is to acquire a specialist boutique emerging market equity investment firm in London, providing the firm with an international platform to expand its asset management business. Guardian has agreed to acquire London-based Zephyr Management (UK) Ltd, manager
MKP Capital Management, a diversified alternative asset manager, has hired Anthony Simpson as a Managing Director to focus on European Marketing. Simpson will be responsible for further developing MKP’s global investor base from the firm’s London office. He will work closely
The Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against Kevin Crepeau, of Chicago, Illinois, a trader at a proprietary trading firm, for engaging in spoofing in the Chicago Mercantile Exchange (CME) soybeans futures market.
Over the last five or six years there has been tremendous consolidation in the alternative fund administration space, with the likes of SS&C Technologies and Apex Fund Services acquiring specialist fund administrators. At the same time, the industry has continued
The Hedge Fund Association (HFA) has appointed Thalius Hecksher as regional director for the HFA’s Southeast Chapter, and Robert G Sawyer in the newly created role of regional director for the HFA’s Boston Chapter. The industry professionals have been chosen
Pursuant to the Market Abuse (Directive 2003/6/EC) Regulations 2005 (the “Market Abuse Regulations”), since 1 July 2005 the Central Bank of Ireland has delegated market monitoring and investigation tasks to the ISE. These delegation arrangements ended on 31 January 2012
Sean O’Malley, a partner in the business law department and a member of the financial services and investment management groups at US law firm Goodwin Procter, says the SEC’s amendments to
