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The Serious Fraud Office has closed a long running investigation into collapsed hedge fund Weaving Capital, stating that there wasn’t a reasonable prospect of conviction.
Mark Surguy, partner at international law firm Eversheds, believes hedge funds are likely to stay in the SFO spotlight despite the collapse of the case.
It is unlikely that the SFO’s investigations into a hedge fund will be the last that will cross its desk," says Mark Surguy, partner at international law firm Eversheds,. "The “dark art” of the somewhat secretive hedge fund trade generates spectacular profits for its wealthy clients, but at the
International law firm Dechert LLP announced today that David A Vaughan has returned to the firm as a partner in the Financial Services Group. Vaughan left Dechert in March 2009 to join the US Securities and Exchange Commission’s Division of Investment Management, where he served for the last two years as the senior private fund policy adviser on all aspects of legal and regulatory policy related to private funds.
“We are pleased to have David back at Dechert,” says Joseph R Fleming, Co-chair of the firm’s Financial Services Practice Group. “His insight into the SEC will be of great value to
The bloodbath continued for hedge funds in August as they struggled to come to terms with whipsaw markets, driven by investor fear of economic uncertainty in Europe and the US.
According to data from Credit Suisse Group AG’s prime brokerage unit, approximately 80 Asia-focused hedge funds reported average losses of -2 per cent and
Carl Huttenlocher’s eagerly anticipated hedge fund launch in Hong Kong has been delayed because of a regu
Monsoon Capital, the US-based hedge fund founded in 2004, saw its USD15million managed futures fund, Monsoon Asia Pa
Pamplona Capital Management has selected Quintillion to provide administration services to its unsecured credit fund which launched in Q2, 2011.
The fund, which has a seven-year timeframe, will purchase discounted packages of unsecured debt from UK high street banks and other domestic lenders.
Alan Doyle, Senior Manager, Fund Accounting at Quintillion, says; ”We are delighted that Pamplona selected Quintillion for their unsecured credit fund as they expand their range of investment strategies and fund structures. We look forward to working with Pamplona in the years ahead as they continue their expansion.”
Caroline Ong, Chief Operating Officer, Credit Funds at
The Honorable Jed S Rakoff of the United States District Court for the Southern District of New York has entered a consent judgment against Defendant Robert Feinblatt in SEC v. Feinblatt, 11-CV-0170, an insider trading case the SEC filed on 10 January, 2011.
Feinblatt was a co-founder and former principal of Trivium Capital Management LLC, a New York-based hedge fund investment adviser that has since wound down its investment management business. Previously, on 11 July, 2011, the Court entered a consent judgment against Defendant Jeffrey Yokuty, formerly an analyst who reported to Feinblatt at Trivium.
The Complaint alleged that
Citi has been awarded a mandate to provide a full complement of fund of hedge funds administration and custody services to Sandalwood Securities.
"After a thorough review of service providers, two of the key factors driving our decision to select Citi were the quality of the professionals we met and Citi’s commitment to developing technology solutions" says Ken Chapple, Chief Financial Officer, Sandalwood Securities, Inc. "In addition, transparency is a key commitment we make to our investors and their advisors. Citi’s investor services platform — and integrated Fund of Fund Solution — provides us with direct, Web-based access to our
It is very hard to know where to start. The last month has been a chaotic mix of extreme market volatility, contradictory but generally poor economic data, baffling politics and bizarre actions from governments around the world, says Thomas Becket, Chief Investment Officer of PSigma Investment Management…
It has all made for a horribly potent cocktail that created a miserable month for global asset prices and has impacted badly upon investor and consumer confidence around the world. At times there were strong echoes of the misery that we suffered in 2008, as intraday market volatility spiked and indices and individual
