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The US Commodity Futures Trading Commission (CFTC)has filed charges against two air traffic controllers, Louis J Giddens, Jr of Fayetteville, Ga, and Anthony W Dutton of Peachtree City, Ga, as well as commodity trader Michael Gomez of Valrico, Fla, for operating a fraudulent off-exchange foreign currency (forex) scheme in which they solicited and accepted approximately USD1.4 million from the general public.
The complaint was filed under seal on June 23, 2011, and on June 24, 2011, Judge William S Duffey, Jr, of the US District Court of the Northern District of Georgia, entered a restraining order freezing Gomez’s assets and
The Honorable Jed S Rakoff of the United States District Court for the Southern District of New York has entered a judgment against David Plate in SEC v Galleon Management, LP, et al., 09-CV-8811, an insider trading case the SEC filed on October 16, 2009.
The SEC charged Plate, who was a registered representative and a proprietary trader at the broker-dealer Schottenfeld Group, LLC, during the relevant time period, with using inside information to trade ahead of an impending acquisition announcement.
In its action, the SEC alleged that, in March 2007, Plate was tipped inside information that Kronos Inc. would
David Miller, Partner at Cheviot Asset Management, believes that whilst austerity measures have been passed, this will not do much to soothe the nerves of investors, who will still be worried about how Greek voters will cooperate with the plans…
Rational investors quite rightly believe that Germany will use its financial strength to restore stability to the Eurozone and that when Greece defaults it will be in a controlled manner. Very similar to when JP Morgan bought Bear Stearns in March 2008. Avoidance of contagion was then, and is now with Greece, the main priority. Unfortunately investors are rather more
Deutsche Bank is to serve as a market maker in the option on the EURO STOXX 50 Index Dividend future. Deutsche Bank is the first Permanent Market Maker in this product, providing continuous quotation in the order book.
Since 1 June 2011, Eurex Exchange has been offering its Permanent Market Makers who fulfil predefined quote obligations in the option on EURO STOXX 50 Index Dividend future significant rebates until the end of 2012.
“We are pleased to have Deutsche Bank as a Permanent Market Maker as price transparency in the order book is one major precondition for the further
Following the news that RAB Capital was de-listing from the Alternative Investment Market (AIM) on the LSE due to client redemptions, the Fi
Singapore-based Vulpes Investment, set up by former Artradis founder Stephen Diggle, has a secret weapon to attract institutional assets: Bert V
Newedge this week announced several key additions to its Prime Brokerage Or
Asia Pacific is viewed as a key growth market for State Street’s Alternative Investment Solutions division, following the firm’s decision to launc
Agecroft Partners specialises in consulting and third-party marketing for hedge funds. Its objective is to raise assets globally for institutional-quality hedge fund managers by utilising a consultative approach within the institutional investor community.
The firm was founded by Don Steinbrugge, who has 26 years of experience in the institutional investment management industry. The five senior professionals at the firm pride themselves on having strong investment and industry knowledge, giving them significant credibility with large institutional investors. The partners average over 16 years of industry experience, and four of the five partners have previously worked for multi-billion-dollar alternative investment firms.
Agecroft
Wolverine Asset Management is a US-based alternative asset management firm and part of the Wolverine family of companies, a diversified group of affiliated financial service entities primarily engaged in asset management, derivatives trading, order routing and technology/software development.
Founded in 1994, Wolverine is headquartered in Chicago and has offices in San Francisco, New York and London, employing more than 300 people. The firm places great emphasis on technology and infrastructure, and invests heavily in these areas to trade derivative securities across a number of global exchanges.
Wolverine Asset Management itself was established in 2001 and combines this world-class execution technology
