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Adam Wallace, who headed up Asia Pacific hedge fund services at JP Morgan i
Shorting US-listed Chinese stocks was a popular theme among global hedge funds last year thanks to questionable accounting practices.
Former Millennium Management LLC traders plan to start two Japan-focused hedge funds in May to tap into the country’s recovering equity markets reported Bloomberg this week.
After a promising start to the year Asia ex-Japan hedge funds lost some of their momentum last month, losing 3.10 per cent to leave up 6.28 per cent for the year according to the HFRI Emer
The United States District Court for the Central District of California has entered a Final Judgment against David E Howard II, Flatiron Capital Partners, LLC (FCP), and Flatiron Systems, LLC (FS).
Between December 2007 and March 2009, FCP and FS operated as investment companies that purported to trade securities using an automated trading system. Howard, a resident of New York City, was a co-managing member of FCP and the sole managing member of FS. The Commission’s complaint alleged, among other things, that, between December 2007 and January 2009, approximately 192 investors, located in at least 38 states, purchased LLC membership
Para Advisors, an event-driven hedge fund manager with approximately USD200 million of assets under management, has expanded its relationship with Maples Fund Services to include administration for the firm’s onshore funds.
Maples Fund Services has served as administrator for Para’s offshore fund since early 2010.
Para had previously handled administration for its US onshore funds internally. Maples Fund Services was awarded the onshore business to help Para stay ahead of growing industry needs for more independence and transparency.
“The expansion is a testament to our value of independence, client excellence, customised approach, and our ability to service both onshore and
The Honourable Harold Baer, Jr, United States District Judge, United States District Court for the Southern District of New York, entered a Final Judgment on Consent as to Diamondback Capital Management LLC on 6 April, 2012, in the SEC’s insider trading case, SEC v. Spyridon Adondakis et al., Civil Action 12-CV-0409 (SDNY) (HB).
The SEC filed its complaint on 18 January, 2012, charging two multi-billion dollar hedge fund advisory firms – including Diamondback – as well as seven fund managers and analysts involved in a USD78 million insider trading scheme based on nonpublic information about Dell’s quarterly earnings and other similar inside
MarketAxess Holdings Inc (Nasdaq: MKTX), the operator of an electronic trading platform for US and European high-grade corporate bonds, emerging markets bonds and other types of fixed-income securities, has opened an office in São Paulo, Brazil.
MarketAxess received authorisation from the Comissão de Valores Mobiliários – CVM (Securities and Exchange Commission of Brazil) and the Central Bank of Brazil to offer e-trading of local currency debt in January of this year.
Sandy White, Emerging Markets Product Manager for MarketAxess, says: “We are pleased to expand our local presence in Brazil with the opening of our São Paulo office. Our clients
Lyxor Asset Management has teamed up with HAWK Quantitative Strategies – a company associated with Caxton Associates LP – to launch the third alternative single manager on its Lyxor Dimension UCITS Platform.
The Lyxor/Caxton HAWK strategy Index Fund offers access to a medium-term, trend-following strategy with a focus on Emerging Markets (EM). The investment strategy is based on a proprietary system developed by Jeff Enslin, a partner and portfolio manager at Caxton Associates LP, who has been trading macro/EM on a discretionary basis since 1995.
Enslin says: "As a systematic, liquid, and non-long biased strategy, the strategy has a low
BNY Mellon is to begin allowing futures commission merchants (FCMs) to post a wide range of collateral, including corporate bonds, for futures and cleared swaps margins at CME Clearing.
FCMs can post the collateral via the CME IEF4 program using MarginEdgeSM, BNY Mellon’s global derivatives margin management service.
CME Clearing now accepts corporate bonds along with cash, government bonds, agency and mortgage backed bonds, money market funds, letters-of-credit, physical gold, equities, and bank deposits to collateralize transactions in the futures and the over-the-counter derivatives market. Through MarginEdge, market participants use BNY Mellon’s technology and expertise to post margins at CME
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