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The Honourable Joseph A.DiClerico for the United States District Court for the District of New Hampshire has granted the SEC’s Motion for Voluntary Dismissal of Defendant Koji Goto and Relief Defendant Shaleen Cassily in an enforcement action the Commission filed in 2003.
The Commission moved to dismiss the action after Goto was sentenced to up to 75 years in prison and ordered to pay USD3.2 million in restitution in a parallel state criminal proceeding, was found incompetent by a court to face further trials, and had all of his assets liquidated and distributed through a bankruptcy proceeding.
The Commission originally
Indus Capital Partners, LLC has announced the creation of two new positions to support the Europe Fund. There are now eight dedicated team members and AUM of approximately USD557 million.
Jianbo “Bob” Li, PhD has joined the Europe team as an Analyst responsible for Trading, Risk and Performance Analytics for the Europe Fund. Previously he was a Doctoral Student, Teaching Assistant and Research Assistant in Mechanical and Aerospace Engineering at Rutgers University. Dr Li holds BS and MS degrees in Mechanics and Engineering Science from Peking University and was awarded a PhD in Mechanical and Aerospace Engineering from Rutgers University.
Quintillion has been appointed by Absolute Return Partners LLP (ARP) to provide administration services to the ARP Halkin Mortgage Funds PLC, which launched on 21 September 2011.
The fund seeks to achieve capital appreciation and income on portfolios of Danish private market second lien residential mortgage loans and has been incorporated as an umbrella investment company with segregated sub funds in Ireland.
Absolute Return Partners LLP have appointed Halkin ARP Capital P/S, as investment advisor, to advise it on the acquisition of individual loans and portfolio construction. Halkin ARP, a Copenhagen based partnership, focuses on investment strategies in the private
JP Morgan Worldwide Securities Services (WSS) has named Kirit Bhatia (pictured) as Head of Technical Sales, Asia ex-Japan, as the firm continues to strengthen its client servicing capabilities and further align its business with its clients’ strategic growth plans.
Responsible for developing complex, integrated asset servicing solutions for JP Morgan’s Asia-based clients, Bhatia will oversee a team comprising experienced specialists across securities lending, collateral management, alternatives, fund services, transition management and transfer agency. Reporting in Asia Pacific to Shaun Parkes, Chief Executive Officer, Asia-ex Japan, JP Morgan Worldwide Securities Services and globally to Paul Wilson, International Head of Financing &
High frequency trading (HFT) strategies are rapidly being adopted in the FX asset class, with Celent estimating that 28% of volumes are executed through HFT, and HFT volumes are split across the interdealer and dealer-to-client segments. This is driving more firms to adopt HFT strategies, because spot is a preferred instrument of trade for the nonbank financial segment.
High frequency trading volumes in the foreign exchange asset class have been growing constantly over the past few years. This growth is primarily due to technological advances in foreign exchange trading, which have not only driven the cost of technology down but
International fund manager Managing Partners Limited (MPL) has signed a partnership deal with MIDF Amanah Asset Management Berhad (MIDF Amanah), the asset management arm of Malaysian Industrial Development Finance Berhad (MIDF).
The deal will give Malaysian investors the opportunity to exploit the steady incremental returns offered by life settlements. MPL is the only life settlement company to offer a Malaysian currency class to investors.
Established in 1960 as part of Malaysia’s strategy to accelerate industrial sector development, MIDF enjoys a strong position in many segments of the financial services industry today. Its core businesses include investment banking, development finance and
Former Treasury and Economic Development Minister Allan Bell has been appointed as the new Chief Minister of the Isle of Man, effective Tuesday 11 October, 2011).
The Ramsey MHK was elected to the position by Tynwald, the Island’s parliament, of which he has been a member for 27 years. He takes over as leader of the Manx Government from Tony Brown, who has retired from politics after a long and distinguished career.
Bell (64), a longstanding leader of efforts to reform and update IoM financial sector legislation, including fund regulation and to promote the industry internationally, was first elected to
Hedge fund flows, as measured by the GlobeOp Capital Movement Index, advanced 0.31% in October.
“Hedge fund investors remain committed,” says Hans Hufschmid, chief executive officer, GlobeOp Financial Services. “After a double-digit decline in equities over the quarter, alternative investments continue to hold their attraction.”
The GlobeOp Capital Movement Index represents the monthly net of hedge fund subscriptions and redemptions administered by GlobeOp. This monthly net is divided by the total assets under administration (AuA) for GlobeOp’s fund administration clients.
Cumulatively, the GlobeOp Capital Movement Index for October 2011 stands at 137.46 points, an increase of 0.31 points over September
The US Commodity Futures Trading Commission (CFTC) has obtained federal court consent orders resolving its remaining claims against defendants Ray M White and CRW Management LP (CRW) and relief defendants Christopher R White and Hurricane Motorsports, LLC, all of Mansfield, Texas.
The claims arose from a CFTC complaint filed on March 4, 2009, in the US District Court for the Northern District of Texas, charging the defendants with operating a multi-million dollar off-exchange foreign currency Ponzi scheme (see CFTC Press Release 5626-09, March 5, 2009). The relief defendants were named in the lawsuit because they received funds as a result
PerTrac has announced an exclusive partnership with MondoAlternative, Italy’s largest provider of hedge fund data.
The MondoAlternative database contains qualitative and quantitative records on over 2,200 hedge funds, including all the Italian "fondi speculativi", more than 1,200 European hedge funds, all of the Swiss-registered hedge funds, in excess of 700 alternative UCITS funds and Investable Indices.
In addition to daily updates of hedge fund data, PerTrac subscribers will have access to MondoAlternative’s monthly rankings of hedge funds and alternative UCITS as well as its monthly magazine that reports on the Italian and international alternative industry through interviews, reports, statements of
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