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American Century Investments has launched a US growth equity fund for the firm’s CIO, David Hollond (pictured) reported Citywire Global this week.
Earlier this week Edouard Carmignac, who runs Europe’s largest fund – the EUR24 billion Carmignac Patrimoine – along with colleag
The US Commodity Futures Trading Commission (CFTC) has issued an order filing and simultaneously settling charges that Alan A Grant and his company, Francis Grant Investments Inc (FGI), of Davie, Florida, committed fraud by failing to disclose to customers that the off-shore foreign currency (forex) pool in which they participated had ceased trading and assets were frozen due to a foreign regulatory action.
Grant and FGI issued false account statements showing profitable trading by the off-shore pool and continued to solicit funds even though the pool was no longer trading.
The CFTC order specifically finds that from April 2007 through
Hedge fund managers will be able to access new capital sources over the next 12 months as 80% of investors are at least considering investing with new managers, the latest Preqin research reveals.
Furthermore, 38% of investors are planning to increase the amount of capital they invest in hedge funds over the coming 12 months, meaning capital inflows are likely to increase throughout the industry.
In a study conducted for the 2012 Preqin Hedge Fund Investor Review, 10% of investors stated that they plan to invest only with new managers in the next year, while 49% intend to seek new
The Securities and Exchange Commission has filed a civil injunctive action charging ThinkStrategy Capital Management and its sole managing director, Chetan Kapur, with deceptive conduct in connection with two hedge funds that they managed and advised: ThinkStrategy Capital Fund and TS Multi-Strategy Fund.
The Capital Fund traded primarily equities, while the larger Multi-Strategy Fund holds investments in other hedge funds. At its peak in 2008, ThinkStrategy managed approximately USD520 million in assets.
The SEC’s complaint alleges that over nearly seven years, ThinkStrategy and Kapur engaged in a pattern of deceptive conduct designed to bolster their track record, size, and credentials.
The US Commodity Futures Trading Commission (CFTC) has filed a complaint in the US District Court for the Northern District of Texas, against GID Group, Inc. (GID), a Texas corporation, and its agents and officers, brothers Rodney and Roger. The defendants, both of Grand Prairie, Texas, have been charged with operating a fraudulent off-exchange foreign currency (forex) ‘Ponzi” scheme in which they solicited and accepted approximately USD5.5 million.
On 8 November, 2011, the Honourable Barbara M G Lynn of the US District Court of the Northern District of Texas, entered a restraining order freezing the defendants’ assets and prohibiting the
The Securities and Exchange Commission filed a record 735 enforcement actions in the fiscal year that ended 30 September, 2011. This record number includes many cases involving highly complex products, transactions, and market practices, including those related to the financial crisis as well as insider trading by market professionals.
“We continue to build an unmatched record of holding wrongdoers accountable and returning money to harmed investors,” says SEC Chairman Mary L Schapiro (pictured). “I am proud of our Enforcement Division’s many talented professionals and their efforts that resulted in a broad array of significant enforcement actions, including those related to
In light of the current fiscal and monetary concerns that are gripping the minds of investors around the world, Institutional Asset Manager asked the heads of some of the world’s leading asset managers to share their thinking on portfolio management trends post-Lehman and beyond 2011 in concise fashion. Joseph Morgart (pictured), Senior Vice President, Alternative Strategies, Pyramis Global Advisors, responds:
"The top trend characterizing world investment markets from 2009 through 2011 following 2008’s global financial crisis (GFC) is volatility. Investors, institutional or retail, can ill-afford losses incurred – even those offset by periodic gains – but, more disconcerting for their long-term
The US Commodity Futures Trading Commission (CFTC) has filed a civil injunctive complaint charging defendants Nicholas Trimble and his companies, Capstone FX Quantitative Analysis, Inc. (Capstone) and Beekeepers Fund Capital Management, LLC (Beekeepers), all of Denver, Colorado., with fraudulently soliciting at least USD1.1 million from customers to trade foreign currency (forex) through pooled and managed trading accounts using a proprietary forex trading system.
On the same day the complaint was filed, 7 November, 2011, Judge Philip A Brimmer of the US District Court for the District of Colorado, Denver Division, entered a restraining order freezing Trimble’s, Capstone’s, and Beekeepers’ assets,
With confidence tentatively returning to the markets last month, Asian hedge funds were able to record positive gains, the Eurekahedge Asian Hedge Fund Index returning +2.2 per cent, slightly outpe
