The National Futures Association (NFA) has begun accepting applications from swap dealers (SDs) and major swap participants (MSPs) pursuant to the recent final registration rules and delegation of authority order that were approved by the Commodity Futures Trading Commission (CFTC)
Most hedge fund strategies had losses in September, evidenced by a 3.92% drop in the Barclay Hedge Fund Index compiled by BarclayHedge. The Index has lost 7.45% in the 3rd quarter and is now down 6.53% in 2011. “For the
The Securities and Exchange Commission filed a record 735 enforcement actions in the fiscal year that ended 30 September, 2011. This record number includes many cases involving highly complex products, transactions, and market practices, including those related to the financial
Neptune Investment Management is to launch the Neptune Global Long/Short Sector Fund on 1 November 2011. Neptune is known for the proprietary global sector research process that is central to the management of all its funds. Based on this research,
The Lyxor Hedge Fund Index was up 0.75% in October as the hedge fund industry rebounded. Year-to-date performance as of October 2011 is down 5.85%. The top performing strategies over the month were Lyxor L/S Equity Long Bias Index (+5.59%),
Deutsche Bank’s Global Transaction Banking (GTB) division has made several appointments in its Trust & Securities Services and Cash Management for Financial Institutions (TSS/CMFI) business. Satvinder Singh (pictured), global head of TSS/CMFI at Deutsche Bank, says: "The improvements to our
The Alternative Investment Management Association has published a German-language educational paper about the social and economic value provided by the hedge fund industry. The paper stresses the financial stability benefits that hedge funds provide to financial markets and highlights the
The Securities and Exchange Commission (SEC) has charged Texas-based financial services firm Life Partners Holdings Inc and three of its senior executives over their involvement in a fraudulent disclosure and accounting scheme involving life settlements. The SEC alleges that Life
Michael Bodson (pictured), President and Chief Executive Officer of The Depository Trust & Clearing Corporation (DTCC), is joining Omgeo’s Board of Managers as Chairman. Bodson assumes the role from Andrew Gray, Managing Director of Core Business Management at DTCC, who
Citco Corporate & Trust has reached an agreement to acquire Société Européenne de Banque’s (SEB) Corporate Management Services business. SEB plans to focus on its core banking activities. SEB is the Luxembourg establishment of Intesa Sanpaolo Banking Group, Italy’s leading
