Russell Investment Group (Russell) has announced the launch its first Dublin-domiciled Active Currency Fund. The multi-manager fund allows investors to access active currency managers to provide a diversified source of return with no correlation to traditional asset classes. It will
The European Commission has initiated a formal investigation into Luxembourg’s 1929 holding companies regime under the state aid procedures
The Swiss Bankers Association is issuing new self-regulatory guidelines governing the information banks must provide to investors about structured products, implementing the provisions of
Dr Dominik Oberholzer of Zurich-based Hess Dallafior Attorneys at law outlines the changes to Swiss law governing sales of foreign hedge
The Swiss Funds Association has welcomed the European Parliament’s decision to pass the EU Directive on Alternative Investment Fund Managers. The SFA says that compared with the draft presented in April 2009, the directive in its present form contains two
Last year was a mixed year for hedge funds, but on balance it was much better than 2004, according to Thomas Della Casa, Investment Stra
The President’s Working Group on Financial Markets has announced a series of initiatives to strengthen oversight and the infrastructure of the over-the-counter derivatives market.<
Insurance company Ageas has received full support from the Commercial Court of Brussels in summary proceedings against certain hedge fund owners of mandatory convertible securities. The latter requested that a meeting of MCS holders be convened in order to approve
The International Organisation of Securities Commissions (IOSCO) has published a consultation paper on Principles for Financial Benchmarks, which seeks public comments on a set of high-level principles for benchmarks used in global financial markets. Because of the wide diversity
The recommendations on hedge fund oversight of the G20 leaders meeting in Washington at the weekend, such as they were, were probably music to the ears of many fund managers.
