The Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against Elephas Investment Management Ltd (Elephas), a Hong Kong based hedge fund, for violating wheat futures speculative position limits. The Order requires Elephas to pay a
Bobby Johal, Managing Consultant, at Cordium, responds to the European Commission’s announcement that it has started work on the review of the AIFMD… The news that the European Commission has issued a tender for a one-year market study into the AIFMD
With all the regulatory developments in recent times, and the ominous spectre of MiFID II looming large, it is fair to say that these are busy and exciting times for regulatory advisory firms. Duff & Phelps is no exception, with
Harneys operates through 14 international locations and its global funds practice advises on all aspects of offshore investment funds, establishment, maintenance and restructuring both in distressed and planned scenarios. The firm's investment funds practice has continued to grow, particularly in
The Commodity Futures Trading Commission (CFTC) has made an award of approximately USD2.5 million to an individual whistleblower. In ordering the award, the CFTC took into account the significance of early reporting of misconduct, however, the award was reduced because
Sadis & Goldberg LLP is one of New York's leading financial services focused law firms. Known both domestically and internationally as a dominant force in the financial services sector, Sadis & Goldberg serves clients throughout the world and was recently
Alternatives have become a more mature option for institutional allocators, yet the reporting obligations fueled by the constantly evolving regulatory landscape has become a challenge for a large number of alternative fund managers. Whereas a decade ago, alternative fund managers
For managers who may already be using an onshore Delaware LLC, they now have the opportunity to use a Bermuda LLC as an offshore vehicle. This follows the formal introduction of the Limited Liability Company Act 2016 (LLC Act), which
Bermuda's financial regulator, the Bermuda Monetary Authority, takes a risk-based approach to regulating and supervising the entities for which it is responsible, including investment funds, investment providers, fund administrators, trust companies, insurers and banks. The Authority's mission, says Melissa Morton (pictured),
As family offices look for the best jurisdictions in which to establish trusts and wealth preservation vehicles, being able to benchmark the institutional quality of a specific jurisdiction and rely on high-quality outsourcing options, are increasingly important considerations. The following
