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Korn/Ferry International has appointed Allison Walker as a Senior Client Partner and Head of the firm’s Hedge Fund Practice.
Walker joins Korn/Ferry after four years at Arden Asset Management, LLC in New York, where she served as Managing Director and Chief Administrative Officer. As a Partner in the firm, she worked side-by-side Research, Risk, Operations, Legal & Compliance, Finance and Technology with a primary focus on people, process, strategy, communications, as well as client service and development.
"Allison’s expertise and in-depth experience are an outstanding addition to the Firm as we look to further expand Korn/Ferry’s Hedge Fund Practice," says
The Securities and Exchange Commission has filed fraud charges against New York-based hedge fund adviser Philip A Falcone (pictured) and his advisory firm, Harbinger Capital Partners LLC for illicit conduct that included misappropriation of client assets, market manipulation, and betraying clients.
The SEC also charged Peter A Jenson, Harbinger’s former Chief Operating Officer, for aiding and abetting the misappropriation scheme. Additionally, the SEC reached a settlement with Harbinger for unlawful trading.
In a separate, settled action, the SEC charged Harbert Management Corporation, whose affiliates served as the managing members of two Harbinger-related entities, as a controlling person in the market
Peter Moore (pictured), Head of Regulation at the IMS Group, on AIFMD and its failure to make distinctions in the European alternative asset management industry…
In 1991 the UK’s Parliament passed The Dangerous Dogs Act (DDA) in response to a sudden increase in the number of serious dog attacks reported by the UK media. Nowadays, it is often cited as the prime example of a rushed piece of legislation introduced as an overreaction to transient public mood.


Such a phenomenon will be familiar to participants in capital markets, many of whom will have detected how politician-induced overregulation of markets and their participants
The US Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against Barclays PLC, Barclays Bank PLC (Barclays Bank) and Barclays Capital Inc. (Barclays Capital) (collectively Barclays or the Bank).
The Order finds that Barclays attempted to manipulate and made false reports concerning two global benchmark interest rates, LIBOR and Euribor, on numerous occasions and sometimes on a daily basis over a four-year period, commencing as early as 2005.
According to the Order, Barclays, through its traders and employees responsible for determining the Bank’s LIBOR and Euribor submissions (submitters), attempted to manipulate and made false
PIMCO has hired three senior investment professionals as the firm continues to expand its alternatives platform.
Neal Reiner joined the firm as an Executive Vice President, Product Manager for Credit Alternative Strategies and Jennifer Strickland and Molly Hall joined as Executive Vice Presidents and Senior Alternatives Specialists. All three individuals are based in the firm’s Newport Beach office. PIMCO manages USD16 billion of client assets across hedge fund and distressed credit strategies.
"PIMCO’s global reach and deep expertise gives us a unique view of opportunities across the broad credit, rate and volatility markets. Our clients are looking for blue-chip managers
Capital Financial Global, Inc (OTC: CFGX), is in talks with a hedge fund to acquire a 40% interest in its management entity.
"We are hopeful this will allow us to increase our funding capacity and simultaneously add some consistent fee revenue to our business model," says Paul Norat, CEO of Capital Financial Global, Inc. "Even though we have reached an agreement in concept, I have to wait for due diligence to complete before I can announce names and final terms. I’m very excited about this and will announce more as soon as I can."
The Supervisory Board of the European Commodity Clearing AG (ECC) has re-appointed Dr Thomas Siegl as a member of the Management Board of the clearing house.
The extension of his appointment was adopted by the Supervisory Board at the meeting on 21 June 2012 with effect from 1 May 2013 for a term of another three years.
Thomas Siegl was first appointed to the ECC Management Board in May 2010. In the capacity of the Chief Risk Officer (CRO) he is in charge of clearing and settlement, risk controlling and risk management at the clearing house. Peter Reitz (Chief Executive
The US District Court for the Southern District of Florida has entered an order of default judgment and permanent injunction against Abraham Gutterman, who currently resides in Brooklyn, NY, and his companies, Alliance Capital Metals LLC (ACM) and AR Goldman Wealth Management, LLC (ARGWM), both of South Florida.
The order stems from a CFTC complaint filed against the defendants on 15 March, 2012, in connection with a fraudulent gold and oil commodity options scheme .
The order requires Gutterman and his companies jointly and severally to pay restitution of USD483,725 to defrauded customers and a USD2.1 million civil monetary penalty.
An Order Finding Defendants In Civil Contempt has been issued by a judge in the United States District Court for the Northern District of California against defendants Lawrence R Goldfarb (Goldfarb) and Baystar Capital Management, LLC (Baystar Capital) in the proceeding entitled Securities and Exchange Commission v. Lawrence R. Goldfarb, et. al, Case No. C-11-00938-WHA.
The Order found that defendants failed to pay disgorgement in compliance with the provisions of a Final Judgment entered against them on 16 March, 2011 and furthermore failed to demonstrate that they reasonably attempted to comply with their disgorgement obligations.
Previously, on 1 March, 2011,
Finisterre Capital, the long/short emerging market total return specialist, has appointed Darren Walker, formerly Managing Director at JPMorgan Chase as portfolio manager on the Finisterre Global Opportunity Fund.
Walker will report to Yan Swiderski, a Finisterre Partner and the lead Portfolio Manager on the Global Opportunity Fund.
At JP Morgan, Walker managed an emerging markets portfolio with an emphasis on sovereign debt, local rates and foreign exchange. He left JPMorgan Chase in March 2012 and started work at Finisterre this month.
Prior to joining JPMorgan Chase in 2010, Mr Walker was a Managing Director at Credit Suisse, where he
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