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The Securities and Exchange Commission (SEC) has charged James F Turner II and his New Jersey-based hedge fund firm Clay Capital Management, LLC with engaging in an insider trading scheme that involved the securities of three companies – Moldflow Corporation, Autodesk, Inc. and Salesforce.com, Inc.
The SEC also charged Turner’s brother-in-law Scott A. Vollmar, Turner’s friend Scott A. Robarge and Vollmar’s neighbor Mark A. Durbin for their roles in the scheme. In total, the scheme generated illicit gains of nearly USD3.9 million.
Filed in the US District Court for the District of New Jersey, the SEC’s complaint alleges that
Eisso VanderMeulen has joined Newedge as part of the firm’s Prime Brokerage Origination & Structuring team, reporting to Jonathan Gane, Head of Origination and Structuring, Americas in conjunction with Andy Waterworth, Head of Fixed Income and Currency Strategies in London.
Based in New York, VanderMeulen will focus on developing the FX Prime Brokerage component as part of the overall multi-asset class, multi-instrument Prime Brokerage offering.
Previously, VanderMeulen worked at RJ O’Brien where he built the FX clearing and execution platform. He started banking in 1989 in commercial lending and in 1993 joined ABN AMRO as a Relationship Manager
Irish legal investment funds advisory firm Dillon Eustace has opened a new office in Hong Kong as demand for locally-based expertise on European financial and regulatory issues increases.
The expansion builds on the firm’s existing presence in Asia where a Tokyo office has been in place since 2000.
Headed by Paul Moloney (pictured), Dillon Eustace’s Hong Kong office will serve many of Dillon Eustace’s existing Hong Kong – based clients as well as provide an additional point of access for the firm’s existing Chinese, Japanese and South Korean clientele.
The increase in the size of Dillon Eustace’s Asian
The DoubleLine Total Return Bond Fund has reached USD10 billion in assets under management, just 16 months after its launch in April 2010, according to DoubleLine Funds Trust and adviser DoubleLine Capital LP.
Jeffrey Gundlach, Chief Executive Officer of DoubleLine Capital LP and Philip Barach, President of the firm, manage the DoubleLine Total Return Bond Fund (I shares DBLTX; N shares DLTNX). The open-end fund I-share class (DBLTX) is ranked number one, its N-share class (DLTNX) ranked number two, for the one-year period ending 29 July, 2011 in the Morningstar’s Intermediate Term Bond Fund category out of 1,161 funds, based
Emerging market-focused hedge funds continue to curry favour with investors as their faith in a European and US economic recovery wavers.
After Hedgeweek reported at the end of June that Sunwah International Asset Management (the investment management arm of Sunwah International Ltd) was pre
Singapore’s sovereign wealth fund Temasek and its wholly owned hedge fund Seatown Holdings, are part of a consortium including other Chinese investors that this week bought a five per c
Dublin-headquartered Dillan Eustace, a leading Irish law firm focusing on the investment funds industry, has expanded its global footprint by opening an o
PIMCO has launched the PIMCO Credit Absolute Return Fund for investors seeking a global, diversified strategy that is focused on absolute return and not constrained by a benchmark.
The Credit Absolute Return Fund, which has a "go-anywhere" investment style and can employ a wide range of investments, is managed by Mark Kiesel (pictured), a managing director in Newport Beach, California.
The fund seeks out long-term, strategic investments as well as shorter-term tactical opportunities in an effort to provide positive returns in any market environment. It is designed to enable investors to diversify their fixed income allocation without being tied
I have previously discussed some of the pitfalls of the Dodd-Frank Act. But aside from this, there have been thousands of words written concerning the excessive cost that will be imposed upon the industry in complying with all of the regulations introduced globally post-2008, says Dermot Butler (pictured), chairman of Custom House Global Fund Services Ltd and Custom House Group. Over and above the costs of putting in systems and training staff to handle these compliance issues, there will be huge legal costs…
The SEC has already received a bloodied nose (once again) as a result of the Federal Appeals
