The third quarter of 2016 saw an estimated USD28 billion of hedge fund net outflows – the highest since 2009. This brought year-to-date redemptions to USD51.5 billion. Those suffering significant outflows included high-profile stalwarts of the industry such as Brevan
Cargill is to pay a USD10 million penalty to settle CFTC charges that it provided mid-market marks (marks) that concealed its full mark-up on certain swaps from counterparties and its swap data repository (SDR), in violation of the Commodity Exchange
By Maree Martin, Gene A DaCosta & Craig T Fulton – On 16 December 2016 the Cayman Islands Government enacted The Mutual Funds (Annual Returns) (Amendment) Regulations, 2016 (the Amendments). Pursuant to The Mutual Funds (Annual Returns) Regulations, 2006 (as amended) (the Existing Regulations), all funds
The Commodity Futures Trading Commission (CFTC) has issued an order filing and simultaneously settling charges against Morgan Stanley and Co Incorporated (Morgan Stanley), for non-compliance with rules governing Part 17 Large Trader reports to the CFTC spanning a ten-year period
DMS Governance specialises in providing global fund governance with the firm best regarded for the provision of offshore independent directors in the Cayman Islands. The second core business line is its UCITS and AIFMD management company and platform based in
Independent depositary and fund oversight provider INDOS Financial has highlighted a series of omissions in the EU’s Alternative Investment Fund Managers Directive with the hope these will quickly be addressed by ESMA (The European Securities and Markets Authority). In August
Well over half (58 per cent) of North American buy-side firms have confirmed that they will need to comply with MiFID II, and yet only 23 per cent feel extremely confident that they have a plan in place, while 77
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
Global investment research platform Alphametry has launched a comprehensive research management solution for the buy-side. Alphametry Investor will provide all asset managers, regardless of their size, with the benefits of a powerful, cloud-based solution enabling them to manage all their
Global securities firm RBS Securities is to pay a USD35 million penalty relating to the company’s fraudulent trading through its now-defunct US Asset-Backed Securities, Mortgage-Backed Securities and Commercial Mortgage-Backed Securities Trading group. The penalty is part of a non-prosecution agreement
