The Securities and Exchange Commission has filed a civil injunctive action in the United States District Court for the Southern District of New York charging two individuals with engaging in a fraudulent scheme to overvalue illiquid asset holdings of the
A new court ruling in the BVI, based on one of the biggest Bernard Madoff feeder funds, could shake up the funds industry as it provides clarification (and reassurance) for investors redeeming investments from BVI funds that the fund will
Fidelity Institutional has launched a new solution for accessing alternative investments. Fidelity’s platform will provide research, education and third-party due diligence, as well as access to a wide range of alternative investment products for all Fidelity Institutional clients. Financial
Apex Fund Services has opened its second US office in Miami, Florida. Apex has grown by 185% since 2009. Apex’s US operations are currently managed from its office in New Jersey which is run by Managing Director Vince Sarullo. He
UBS AG has acquired an equity stake in Chi-X Global Holdings LLC and will join the consortium of five financial institutions that recently bought a minority stake in the firm. The group that UBS joins comprises BofA Merrill Lynch, GETCO
Noam Gottesman, a founding partner and Principal of GLG Partners, Inc has stood down as co-CEO and taken on the role of non-executive Chairman of GLG’s business and interests in the US (GLG (US)). Manny Roman continues as sole CEO
Finisterre Capital, the long/short emerging market total return specialist, has appointed Darren Walker, formerly Managing Director at JPMorgan Chase as portfolio manager on the Finisterre Global Opportunity Fund. Walker will report to Yan Swiderski, a Finisterre Partner and the lead
Fiserv, Inc, a provider of financial services technology solutions, has named Cheryl Nash as President of its Investment Services division. With 28 years of service with Investment Services at Fiserv, Nash brings a strong track record of industry leadership, technology
Signia Wealth has appointed Michael Rosenthal as head of hedge fund investment. The appointment marks a key development in the hedge fund proposition from the entrepreneurially led boutique wealth manager. Rosenthal brings significant expertise and experience in the hedge fund
Reto Gehring and Alexandre Potelle have joined SYZ Fund Research, Swiss bank SYZ & CO’s fund analysis and “long only” manager selection service. The two new staff members join the team of Katia Coudray Cornu, who was appointed Head of
