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International law firm Akin Gump Strauss Hauer & Feld LLP is to open an office in Hong Kong, PRC, further expanding its international footprint in Asia.
Gregory D Puff, who joins the firm from Shearman & Sterling, will lead the Hong Kong office and the firm’s Asia practice. He will be joined by Andrew Abernethy from Norton Rose.
The arrival of Puff and Abernethy significantly enhances Akin Gump’s corporate, capital markets, private equity and funds experience in Asia and will complement the established trade and funds practices the firm operates in Beijing.
Akin Gump Chairman R Bruce McLean, saysL “The
United States District Judge Robert W Sweet of the Southern District of New York has issued an Opinion in favour of the US Securities and Exchange Commission finding that United Kingdom-based hedge fund adviser Pentagon Capital Management PLC (PCM) and Lewis Chester, PCM’s Chief Executive Officer, engaged in securities fraud in violation of the Securities Act of 1933 and the Securities Exchange Act of 1934.
Specifically, Judge Sweet found that Defendants PCM and Chester orchestrated a scheme to defraud mutual funds in the United States through late trading from February 2001 through September 2003. Late trading refers to the practice of placing
Equity-focused strategies in the EDHEC-Risk Alternative Indices, having increased their net market exposure – as shown by dynamic betas significantly higher than their long-term counterparts – exhibited strong performance last month and reached a five-month high: Long/Short Equity (3.36%), Event Driven (2.95%) and even Equity Market Neutral (1.01%).
In contrast, unsurprisingly enough, the Short Selling strategy (-6.85%) recorded a massive loss.
While emerging markets scored an impressive 11.32%, the corresponding hedge fund strategy only managed less than half of it (4.55%), in line with its measured dynamic exposure.
All segments in the fixed-income space showed significant gains, with high-grade bonds
The US Commodity Futures Trading Commission (CFTC) has obtained federal court consent orders resolving its remaining claims against defendants Robert D Watson and Daniel J Petroski, both of Houston, Texas, PrivateFX Global One Ltd, SA, and 36 Holdings Ltd. Global One, a corporation formed in Panama, and 36 Holdings are under the control of a court-appointed receiver, Thomas L Taylor III.
The consent orders, both entered on February 2, 2012, by the US District Court for the Southern District of Texas, stem from a CFTC complaint filed in the same court on 21 May, 2009, charging the defendants with operating a multi-million dollar fraudulent
The US Commodity Futures Trading Commission (CFTC) has filed a complaint in federal court in North Carolina, charging defendant Mitchell Brian Huffman of Charlotte, NC, with operating a fraudulent commodity pool scheme that defrauded participants of more than USD3.2 million in connection with exchange-traded commodity futures contracts. Huffman has never been registered with the CFTC.
From at least August 2006 to 11 March, 2011, Huffman allegedly solicited prospective and actual pool participants, mainly family and friends, via in-person and direct telephone solicitations, to buy and sell exchange-traded commodity futures contracts on their behalf. During the period, Huffman allegedly fraudulently solicited
FrontFour Capital has listed FrontFour Capital Partners LP as a transparent fund on the AlphaMetrix Global Marketplace (AGM).
As a transparent fund, FrontFour Capital Partners will now be visible to the entire AGM network. FrontFour will retain its existing fund structure and service providers, while also offering current and future investors in-depth risk monitoring, state-of-the-art reporting, customised transparency and a thorough background investigation via the AGM.
"We are very excited to be a part of the AlphaMetrix Global Marketplace," says David A Lorber, Co-Founder and Portfolio Manager at FrontFour Capital. "We’ve always been strong advocates of transparency with investors, and
The IMA has voiced concerns that different jurisdictions are allowing managers greater flexibility when reporting fund charges in the Key Investor Information Documents (KIID) under UCITS IV report
Pictet Asset Management announced this week the launch of its latest Lux-domiciled UCITS fund.
Germany’s Universal-Investment has announced the acquisition of SEB Master KAG, a UCITS platform, a move which Universal-Investment spokesperson Bernd Vorbeck said will strength
Oslo-based DNB Asset Management, the fund management arm of DNB, has decided to take advantage of its specialist knowledge of its domestic market by launching a Norway-focused absolute retur
