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The CFTC has charged Chicago trader Igor B Oystacher and his trading company, 3 Red Trading, with spoofing and the use of a ‘manipulative and deceptive device’ while trading futures on four different exchanges. According to the CFTC Complaint, on at least 51 trading days between December 2011 and January 2014, Oystacher and 3 Red intentionally and repeatedly engaged in a manipulative and deceptive spoofing scheme while trading in at least five futures products on at least four exchanges: the E-Mini S&P 500 (S&P 500) futures contracts on the Chicago Mercantile Exchange (CME); crude oil and natural gas futures contracts
Hedge funds were down 1.43 per cent in September, the fourth consecutive monthly loss, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is down 1.21 per cent year to date. “Investor uncertainty fueled by weak growth numbers in the US and China, along with the Fed’s reluctance to raise US interest rates, triggered a global selloff in equities, commodities, and high yield bonds,” says Sol Waksman (pictured), founder and president of BarclayHedge. All but one of Barclay’s 18 hedge fund indices lost ground in September. The Healthcare & Biotechnology Index dropped 5.90 per cent, adding to its
The Securities and Exchange Commission (SEC) has for the first time used aggregated data reported by hedge fund and private equity advisers on Form ADV and Form PF to publish a report on private fund industry statistics and trends.  The report, which includes more than 50 separate tables and figures, includes statistics about the distribution of borrowings, an analysis of hedge fund gross notional exposure to net asset value, and a comparison of average hedge fund investor and hedge fund portfolio liquidity. “We believe that investors evaluating investments in private funds will benefit from access to this additional information about
The Hedge Fund Standards Board has issued a 10-page cybersecurity memorandum detailing a number of quick fix cybersecurity action items that managers can undertake, and outlining some of the main cybersecurity projects to enhance firms’ resilience to cyber-attacks. Click here to read the memorandum.  
What has changed since the end-of-August market debacle?
Multi-strategy hedge fund manager Deimos Asset Management has appointed Charles Slotnik  as a Managing Director and Portfolio Manager. Slotnik will focus on building and managing a portfolio of investments in event arbitrage. Prior to Deimos, Slotnik spent the last 20 years managing portfolios focused on event arbitrage at Carlson Capital, Brookline Avenue Partners and Slotnik Capital Management.   Slotnik is the third portfolio manager to join Deimos since July, following the additions of Paul Orwicz and James Warner. These new hires are in line with  Deimos' business strategy of developing a suite of hedge fund products, expected to include a multi-strategy hedge
Jersey is successfully leveraging its appeal as a leading alternative funds domicile to attract innovative technology and software businesses that support the European asset manager community. TORA, a technology and financial services company focusing on the investment management space, is the latest company to relocate to Jersey this summer and underlines Jersey’s position as a centre for both financial and digital services.   Having been founded in 2004, TORA has grown a strong international institutional client base and is now establishing a presence in Jersey in order to build out its European business. The new business in Jersey will be
CME Group is to launch Ultra 10-Year US Treasury Note futures and options for early in the first quarter of 2016. The new contracts will be listed with, and subject to, the rules and regulations of the CBOT, pending certification of contract terms and conditions with the CFTC and completion of all applicable regulatory review periods.  The new Ultra 10-Year US Treasury Note futures will allow for delivery of original issue 10-year US Treasury notes with remaining terms to maturity at delivery of at least 9 years 5 months and not more than 10 years. By comparison, the existing 10-Year US Treasury
The AltFi Global Summit 2015 is the world’s No1 alternative finance-focused conference, and the only event to scrutinise the full range of alternative financing products – from debt, to equity, to receivables.  The Summit will take place at Convene in NYC on 2 November, a little under three weeks away. It’s your opportunity to take a deep dive into an industry that is transforming the way that financial services function, whilst providing a bold new asset class for investors in the process.  At AltFi.com, we have our finger on the pulse. Our event will explore the industry’s most pressing questions,
Gottex Group has appointed Laurent Chevallier as a senior member of its portfolio management team.  Chevallier has 16 years of experience with alternative investments having worked for Quest Partners, Bucephale Investment Managers and Unigestion. For the past four years, Laurent was most recently Portfolio Manager of the Vasken macro fund, a fund with a strong tail risk protection bias, trading systematic macro themes, trends, carry trades – in forex, yield curves and commodities – and index spreads.   Arpad Busson, Executive Chairman, says: “As Gottex pursues its strategic initiative in the area of Altermative Risk Premia, Laurent’s hands-on experience managing

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