At the derivatives markets of Eurex an average daily volume of 16.2 million contracts was traded in May 2010, up from 11.8 million in May 2009. Of those, 12.2 million contracts (May 2009: 7.4 million) were traded at Eurex and
Hedge fund Castlegrove Capital Management Ltd is to use SunGard’s FRONT ARENA to manage its new Global Micro fund.
Professor Philippe Jorion has joined the Pacific Alternative Asset Management Company (PAAMCO) as a Director in the Risk Management Group.
Platinum Capital Management has teamed up with leading Swedish investment manager Catella Asset Management to launch the Platinum Nordic Fund.
HSBC Trading AdvantEdge Fund has launched two new share classes – euro and sterling – in addition to the original US dollar class.
The US Commodity Futures Trading Commission (CFTC) has obtained a USD1.4 million civil monetary penalty against David A Owen of Destin, Florida, in a commodity fraud action. The consent federal court order entered by US District Court Judge M. Casey
A new product from inter-dealer broker GFI Group Inc.
Polar Capital, the specialist investment management firm, has launched The Polar Capital Discovery Absolute Return Fund. The new vehicle is a global macro fund covering developed and developing markets with a primary focus on currency. The Fund, which Polar believes
Pictet Asset Management (PAM) has launched the PF-Absolute Return Global Diversified, managed by Gianluca Oderda and Philippe Pol.
The US Commodity Futures Trading Commission has charged Ruben Gonzalez and Jose C. Naranjo of California and their company, New Golden Investment Group, with fraud and misappropriation in connection with a multi-million dollar Ponzi scheme. The CFTC obtained an emergency
