Latest News
David Gray, Asia Pacific head of prime brokerage at UBS, has left the firm.
ALTIN, the USD270m multi-strategy fund of hedge funds achieved a very positive investment performance in 2010 of +12.47%, easily outperforming the funds of hedge funds index, HFRI FoF (+5.67%).
ALTIN continued with a strong start to 2011, up 2.48% in the first three months of 2011, compared to +0.89% in the YTD for the HFR FoF composite Index. ALTIN holds one of the world’s longest track records as an exchange-listed fund of hedge funds. It listed in Switzerland in 1996 and in London in 2001 and has an annualised return of +7.53% since inception in December 1996.
At the
The Securities and Exchange Commission has voted unanimously to propose rules further defining the terms “swap,” “security-based swap,” and “security-based swap agreement.” The Commission also proposed rules regarding “mixed swaps” and books and records for “security-based swap agreements.”
The rules were proposed jointly with the Commodity Futures Trading Commission (CFTC) and stem from the Dodd-Frank Wall Street Reform and Consumer Protection Act.
“The proposed definitions balance several policy and legal issues in a way I believe is practical, takes into account the specific nature of derivatives contracts, and is consistent with existing securities regulations,” says SEC Chairman Mary L Schapiro
Special Reports
FeatureD
- Insight