Jon S Corzine, former CEO of MF Global, is to pay a USD5 million civil monetary penalty for his role in MF Global’s unlawful use of almost USD1 billion in customer funds and for his failure to diligently supervise the
After just ten days in the job, Anthony Scaramucci, well-known in the hedge funds industry as the founder of Skybridge Capital, has exited his short-lived role as President Donald Trump’s communications director. After a tumultuous week marked by infighting within
Royal London Asset Management has selected the Confluence’s Unity NXT AIFMD Annex IV transparency reporting solution to support the company’s growing alternative investment fund business. The Alternative Investment Fund Managers Directive (AIFMD) regulation covers hedge funds, private equity, real estate
On 19 October 2017, Deutsche Bank announced that they had sold their Alternative Fund Services business to Apex Fund Services (`Apex’). It is the latest example of consolidation in the alternative fund industry as organisations decide whether to stick or
Gibson, Dunn & Crutcher has appointed Joshua Tod as of counsel in the firm’s London office. Previously of counsel with Simpson Thacher & Bartlett, Tod will support Gibson Dunn’s existing EMEA private investment funds practice. Tod has experience advising
Tortoise Credit Strategies has launched its first mutual fund, The Tortoise Select Income Bond Fund, which is structured as a 1940 Act regulated investment company, and designed after the firm’s flagship core plus bond strategy. The fund aims to seek
By George Ralph, RFA – A recent study by Watchguard Technologies of 1,600 organisations also found that only 10 per cent believed they were 100 per cent prepared for the regulations to pass into law. That’s 90 per cent who
Law firm Ortoli Rosenstadt (OR Law) has launched as the successor to New York City-based Sanders Ortoli Vaughn-Flam Rosenstadt. “A new name often symbolises a major organisational change, but we prefer to see this not as a change but as
Stone Harbor Investment Partners, an independent global fixed-income investment firm focused on credit risk strategies and asset allocation, has launched the Emerging Markets Explorer Strategy, a concentrated, high conviction, unconstrained strategy in emerging markets debt. The Emerging Markets Explorer Strategy
Law firm K&L Gates has appointed Michael T Dyson as a partner in the government enforcement practice of its Washington DC office. Dyson joins K&L Gates from the Financial Industry Regulatory Authority (FINRA), the self-regulatory organisation dedicated to investor protection and
