Guernsey’s banking, private wealth, investment and insurance sectors are all featuring in meetings between an island delegation and regulatory authorities, association networks and financial services businesses in Beijing and Shanghai. Kevin Stewart, Guernsey’s commerce and employment minister, says: “This week
KGR Absolute Return PCC, a Guernsey-registered fund of hedge funds that invests with Asia-focused managers, has raised some GBP15m through a placing and offer for subscription for C shares
Troubled times bring waves of rumours and speculation. But sometimes this goes too far, especially if it leads to something more serious, even illegal.
Wilmington, Delaware-based PNC Financial Services Group has announced that its PFPC fund administration business has been renamed PNC Global Investment Servicing.
LME Clear has selected The Depository Trust & Clearing Corporation (DTCC), an approved trade repository, as its strategic partner for the new LME reporting service, LMEwire. The service, powered by LME Clear, will be available by 12 February 2014, the
Stanley J Kowalewski has been arrested in South Carolina after being indicted by a federal grand jury in Atlanta for allegedly defrauding hedge fund investors of up to USD8m. In addition, Kowalewski has been accused of obstructing the US Securities
As the shares of US mortgage giants Fannie Mae and Freddie Mac went into freefall on Friday, plummeting to their lowest levels in more than 17 years, short sellers were counting their winn
Following reports that administrators are about to be called in at companies belonging to the UK-based Dawnay Day group, Channel Islands-based alternative investment manager Dawnay Day Mil
eVestment is to offer clients of its suite of analytic solutions for institutional investors access to BarclayHedge’s alternatives data. “The data from BarclayHedge complements our extensive database of traditional and alternative vehicles,” says Jim Minnick, founder and chief executive of
Linedata has recently upgraded four Luxembourg-based custodian and fund administrator clients to the latest version of Linedata Compliance. Leveraging Linedata Compliance for its breach management and stronger internal controls through a maker/checker (four eyes) review process, investor service providers are
