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Troubled hedge fund Absolute Capital Management has closed one of its hedge funds and its office in Mallorca as poor performance and a big loss for the year cast a shadow over the firm’s e
Toronto money management firm Sceptre Investment Counsel and Fairfield Greenwich Group, a USD16.6bn hedge fund and fund of hedge funds manager based in New York, have launched a co-operati
Luxembourg-based KMG Sicav SIF has launched a platform for asset managers and advisers to create their own Sicav SIF funds, taking advantage of the regulatory structure of a Specialised In
The Alternative Investment Management Association has welcomed the proposals set out in this week’s industry report on the state of the Italian mut
Prime minister Manmohan Singh won a vote of confidence in India’s parliament yesterday with a comfortable margin.
Sean O’Malley, a partner in the business law department and a member of the financial services and investment management groups at US law firm Goodwin Procter, says the SEC’s amendments to
Eurex Clearing, part of the international derivatives exchange Eurex, is examining various formats for the introduction a central counterparty solution for products that are currently hand
With markets worldwide suffering from the impact of the credit crunch over the past year and amid a drop in overall fund investment in Spain, stemming from market conditions but also tax changes, h
Citi has announced the appointments of Christopher Greer, Sean McGinty and Norman Escoffery to senior roles in its Americas prime finance business, hires that the group says underscore its
The Managed Funds Association and the Coalition of Private Investment Companies have written to Securities and Exchange Commission chairman Christopher Cox, urging the SEC not to extend it