Man Group has appointed Judy Saunders as a senior adviser on a consultancy basis to its UK institutional team. Saunders takes on the role after seven years as chief investment officer at the West Midlands Pension Fund, where she was
LCH.Clearnet, the multi-national clearing house group, has appointed Suneel Bakhshi as its new group chief executive officer. Subject to final regulatory approval, Bakhshi (pictured) is expected to join the organisation in early 2014, at which point Jacques Aigrain, interim executive
Hedge funds posted monthly declines in November for the fifth time in the last seven months, as lack of clarity on resolution of the European sovereign debt crisis resulted in continued investor caution and risk aversion. The HFRI Fund Weighted
Multifonds has launched Global Investor, which allows fund administrators to consolidate their investor servicing and transfer agency operations onto a single platform across all investment types. Multifonds has developed its alternatives capability and extended the former Multifonds Transfer Agent platform
Newedge UK Financial has joined EurexOTC Clear for Interest Rate Swaps (IRS), bringing the total membership to 17 firms. “We have expanded our clearing services significantly over the past nine months, from listed derivatives and OTC commodity swaps to IRS
The Securities and Exchange Commission has charged two Minnesota-based hedge fund managers and their firm with fraudulently funneling more than half a billion dollars of investor money into a Ponzi scheme operated by Minnesota businessman Thomas Petters. This is the
Aon Hewitt, the investment consultants, and two leading investment firms, Aberdeen Asset Management and Investcorp, have joined the Core Supporters group of the Hedge Fund Standards Board (HFSB). The Core Supporters group, which includes investors, investment consultants and hedge fund
The Securities and Exchange Commission (SEC) has charged two multi-billion dollar hedge fund advisory firms as well as seven fund managers and analysts involved in a USD78 million insider trading scheme based on nonpublic information about Dell’s quarterly earnings and
Beaumont Advisors Limited has launched a new business offering hedge fund operational due diligence services. Seasoned hedge fund industry veterans, Lori Barton and Gillian Scott (pictured) who have collectively performed over 800 due diligence assignments, are leading Beaumont’s hedge fund
The Securities and Exchange Commission has obtained a court order to freeze the assets of a Georgia-based investment adviser who has apparently gone into hiding after orchestrating a USD40m investment fraud. The SEC alleges that Aubrey Lee Price raised money
