Franklin Resources, which operates as Franklin Templeton Investments, has completed the acquisition of a majority stake in fund of hedge funds manager K2 Advisors Holdings LLC. The proceeds of this transaction by Franklin Templeton will be used by K2 to
A new "regulation light" fund manager regime for the British Virgin Islands is one step closer to launch with the publication on 1 November of the final form of the Investment Business (Approved Manager) Regulations, 2012. “The Approved Manager regime
Brad L Demuzio and his company Demuzio Capital Management (DCM), both of Chubbuck, Idaho, are to pay over USD3m for operating a fraudulent USD1.8m commodity pool and foreign currency Ponzi scheme. The consent order and order of default judgment impose
Despite increasing regulatory requirements for hedge funds, only 10 per cent of investors feel that regulations effectively protect their interests and 85 per cent of investors do not believe these requirements will help prevent the next financial crisis. This is
Eurex Clearing is to go live with Europe’s first central counterparty (CCP) service for the bilateral securities lending market on 22 November. In order to ensure a smooth and efficient market establishment, Eurex Clearing’s lending CCP will commence operations with
Investcorp, a provider and manager of alternative investment products, is to acquire Scandinavia’s luxury retailer Georg Jensen for USD140m from private equity group Axcel Capital Partners. As part of this transaction, Investcorp has teamed up with David Chu, the luxury
The Commodity Futures Trading Commission has supported the Trustee’s application for an expedited claims process in the MF Global, Inc. (MFGI) liquidation, and authorised the transfer of funds for customers with “cash-only” accounts outside of the claims process. In a
Tiger Management has formed a partnership to focus on investing in Asian equities. Tiger Pacific Capital is a new investment company, whose founding partners are Run Ye, Junji Takegami and Hoyon Hwang. The individuals are experienced investors who were
The London Metal Exchange (LME) has appointed Chris Jones as the chief risk officer for LME Clear. Jones worked previously as a managing director and chief risk officer for LCH.Clearnet Group. During a 20-year career at LCH, Jones was at
Guernsey is planning to have two parallel regulatory regimes for investment funds as a way to best meet client needs when the EU’s Alternative Investment Fund Managers Directive (AIFMD) comes into force. Fiona Le Poidevin (pictured), chief executive of Guernsey
