The Hedge Fund Association (HFA) has appointed regional directors to head its newly established chapters in Australia (Adriana Kostov), Texas (Mark A Feanny) and Utah (Ronnie Hale). These are all territories in which the HFA has not previously been
David M Nunn has been fined USD600,000 for entering into fictitious sales, engaging in illegal non-competitive and fictitious trades in coffee futures contracts over a two-year period, and making false statements to representatives of ICE Futures US. Nunn is a
Dublin has a well-earned reputation as a financial services centre, and particularly as a centre for the administration of both traditional mutual funds and hedge funds.
The Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight (DSIO) has issued a time-limited no-action letter for commodity pool operators of securitisation vehicles. The letter states that DSIO will not recommend that the Commission take enforcement
The London Metal Exchange will delist its plastics contracts and the last prompt date for all existing contracts will be 29 April 2011. The formal decision to delist was taken by the board of the London Metal Exchange following a
Crédit Agricole-Caisse d’Epargne Investor Services (CACEIS) examines the issue of processing for hedge funds distributed in Europe. For traditional funds, the Europ
ACAS CLO 2013-1, an affiliate of American Capital, has closed on the sale of USD414m of collateralised loan obligation bonds. The transaction was arranged by Deutsche Bank Securities. The CLO is externally managed by American Capital Leveraged Finance Management, a
Funds under management and administration in Guernsey grew by GBP 6.7 billion over the quarter ended 30 September 2005 to reach GBP 91.7 billion. This represents growth of 9.1 per cent ove
The Commodity Futures Trading Commission (CFTC) has approved final regulations governing dual and multiple associations of associated persons (APs) of swap dealers (SDs), major swap participants (MSPs) and other Commission registrants. The regulations make clear that each SD, MSP
The Liberty Ermitage Alternative Investment Fund Limited is to be renamed to align the fund with the burgeoning event-driven sector. The decision to change the name
