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CBOE Holdings has appointed Alexandra M Albright in the newly created role of Chief Compliance Officer (CCO) for its affiliated exchanges – the Chicago Board Options Exchange (CBOE), C2 Options Exchange (C2), CBOE Futures Exchange (CFE) and CBOE Stock Exchange (CBSX).
Albright, who will assume the CCO position on April 23, will report to President and COO Edward T. Tilly and to the regulatory oversight committees of the exchanges.
Albright’s broad responsibilities include establishing, implementing and maintaining policies and procedures that apply to the affiliated exchanges’ self-regulatory organization obligations, and ensuring that exchange operations comply with both the exchanges’ rules and
The Government of Gibraltar has published the Financial Services (Experienced Investor Fund) Regulations, 2012, which various improvements to the original 2005 Regulations, including the opportunity for large funds to use reputable and substantial administrators based in jurisdictions of equivalent standing to Gibraltar.
The new Regulations will also allow funds to redomicile to Gibraltar yet continue to use their existing reputable administrator, representing a significant advantage for funds moving to the EU with, inter alia, the advent of the Alternative Investment Funds Managers Directive, due to be implemented by July 2013.
The new Regulations enable Experienced Investor Funds to
Alternative investment firm SkyBridge Capital has expanded its global distribution footprint with the addition of five new members to its sales team and new partnerships with major distribution platforms.
SkyBridge manages or advises on approximately USD6.2 billion of assets (as of 29 February, 2012) across a fully-integrated suite of hedge fund products, addressing every type of market participant from large institutional investors to individual retail investors. On the back of the firm’s ongoing asset growth and to address the needs of its clients and distribution partners, the expansion is being supported by the addition of five people to its Global
Lyxor Asset Management this week announced the launch of its third alternative single manager on its Lyxor Dimension UCITS platform.
KB Associates, the boutique operational consultancy firm, this week announc
Jupiter Asset Management is to dispense with hedge funds altogether as a separate business line as it prepares to switch investors into regulated vehicles reported FINalternatives this week,
London-based Prodigy Capital Partners is initiating plans to restructure and redomicile its Prodigy Asia & Emerging Markets fund from the Cayman Islands to Luxembourg it said in a shareh
Following on from our successful Hedgeweek 2012 Global Awards, which attracted a lot of votes from the US, we are conducting a survey of the US Hedgeweek readership to assess the best US-based hedg fund managers and service providers during 2011 in a range of categories covering the entire hedge fund space.
Managers and service providers are welcome to nominate their own funds/firms – with relevant justification. The response to previous surveys from our readers has been significant, so send your nominations to us as soon as possible.
The results from this survey will be presented in aggregate and all
Robert Stinson, Jr, of Berwyn, Pennsylvania, has been sentenced to 33 years in federal prison, followed by three years of supervised release, and ordered to pay more than USD14 million in restitution for orchestrating a Ponzi scheme that defrauded at least 263 investors of more than USD17 million.
On 15 August, 2011, Stinson pleaded guilty to five counts of wire fraud, four counts of mail fraud, nine counts of money laundering, one count of bank fraud, three counts of filing false tax returns, two counts of obstruction of justice, and two counts of making false statements to federal agents.
On
John Redwood, chairman of Evercore Pan-Asset’s Investment Committee on efforts by the UK and Spanish governments to rebalance their respective economies…
This week saw the Spanish authorities seek to cut a further EUR10 billion from their public sector budgets, in an attempt to stave off further rises in their 10 year and other borrowing rates. The ECB rode to their rescue by saying it would consider buying more Spanish government debt, once the government had pledged more austerity. The problem remains intense in Spain, with 23% unemployment, no ability to devalue its own currency to try to price itself back
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