As the Financial Services Authority’s consultation on changes to the way investment firms handle cash on behalf of clients closes, business advisory firm Deloitte has identified 16 changes that are likely to increase costs for banks and brokers, and directly
London-based hedge fund manager, Stratton Street Capital LLP, aims to raise assets from Asian investors with its highly flying renminbi bond hedge fund. As reported by Bloomberg, the USD215million Renminbi Bond Fund has returned an impressive 23 per cent this
The Financial Services Authority has granted approval for the acquisition of LME Holdings by Hong Kong Exchanges and Clearing (HKEx). The proposed takeover, which was first announced in June and approved by LME Holdings shareholders in July, will see HKEx
Virtu Financial has acquired the Designated Market Maker (DMM) business for the New York Stock Exchange (NYSE) and NYSE Amex. Terms of the deal have not been disclosed. “This acquisition is consistent with Virtu’s primary business objective of providing highly
Northern Trust has expanded its alternatives business development team across the UK, Ireland, Luxembourg and Channel Islands with the appointment of Edwin Parker. In this newly created role Parker (pictured) will focus on offering Northern Trust’s hedge fund administration services
Twin Capital Management, a New York-based event-driven hedge fund firm, has appointed Richard Fitzgerald as vice president and analyst. Fitzgerald (pictured) will seek investment opportunities in special situations and deep value. “We’re delighted to add an analyst of Richard’s calibre
AGacquisitions, a middle market investment bank and asset manager, is increasing its presence in the alternative investment business with the launch of a new hedge fund platform, Index Advantage – II (IA-II). AGacquisitions Markets, a subsidiary of AGacquisitions India and
The US Commodity Futures Trading Commission has filed a civil enforcement action charging defendant Feisal Sharif of Branford, Connecticut with operating a commodity pool Ponzi scheme that solicited approximately USD5.4m from at least 50 people to invest in a commodity
A federal court jury in Boston, Massachusetts returned a verdict of securities fraud liability against registered investment adviser EagleEye Asset Management and its sole principal, Jeffrey A Liskov, both of Plymouth, MA, in connection their fraudulent conduct toward advisory clients.
An institutional investor survey commissioned by Alceda has revealed that 73 per cent of investors do not feel that regulators are in tune with their requirements. The survey of 49 UK institutional investors was conducted by Kepler Partners LLP at
