The US Commodity Futures Trading Commission (CFTC) has filed a complaint in federal court in Santa Ana, California, charging defendants Robert J Cannone of Laguna Niguel, Thomas B Breen of San Juan Capistrano, Francis Franco of Anaheim, and their company
Mark Baak (pictured) has joined Darwin Platform with effect from 1 January, 2012. Baak, the former Head of Portfolio Management at Finles Capital Management, will be responsible for the support and coordination of various investment management initiatives either tailor made
The hedge fund industry took in USD3.4bn (0.2 per cent of assets) in September, building on a USD7.7bn inflow in August, according to a report by BarclayHedge and TrimTabs Investment Research. Based on data from 3,004 funds, theTrimTabs/BarclayHedge Hedge Fund
Direct Access Partners, a diversified institutional financial services firm, has appointed Michael Dolan to launch a new research initiative as part of its expansion across its multi-asset class execution offering. The Alternative Research Group (ARG) will focus on acquisitions, strategic
The Securities and Exchange Commission has charged JP Morgan Securities and affiliated entities with misleading investors in offerings of residential mortgage-backed securities (RMBS). The firm agreed to a settlement in which it will pay USD296.9m. The SEC plans to distribute
The Hedge Fund Association (HFA), an international nonprofit trade and nonpartisan lobbying organisation, has elected four new global directors and a new regional leader. Rajpal Arulpragasam, Suzanne Currie, Amy Lawrence and Gary Markham will all serve three-year terms as new
IFG Trust and Corporate Group has acquired Jersey-based Moore Group. This is the first acquisition since the group’s MBO in July this year when it separated from IFG Group Plc. Growth is one of the group’s main objectives and the
Black Diamond Capital Management, an alternative asset management firm with over USD10 billion in assets under management, has appointed Kenneth Rubin as a Senior Managing Director and Hedge Fund Portfolio Manager. Rubin will have responsibility for the hedge fund platform
As the FSA launches a two-part consultation to transpose the Alternative Investment Fund Managers directive (AIFMD) into UK law, Deloitte, the business advisory firm, says the policy positions taken will affect how the directive applies to investment trusts, hedge fund
The Financial Stability Board (FSB) has published for public consultation an initial integrated set of policy recommendations to strengthen oversight and regulation of the shadow banking system. The “shadow banking system” can broadly be described as “credit intermediation involving entities
