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Investment advisory firm Weiss Asset Management has agreed to pay approximately $6.9 million to settle US Securities and Exchange Commission (SEC) charges that it violated federal securities laws when it unlawfully purchased stock in seven public offerings after selling short those same stocks.
The SEC’s order finds that, on seven occasions between December 2020 and February 2021, Weiss Asset Management violated Rule 105, which prohibits short selling an equity security during a restricted period (generally five business days before a covered public offering) and then purchasing the same security through the offering, absent an exception. The rule applies regardless of
The Managed Funds Association (MFA), a trade association for the global hedge fund and alternative asset management industry, has submitted a second comment letter to the US Securities and Exchange Commission (SEC) re-emphasising fundamental flaws with the proposed Private Fund Adviser rules.
The MFA’s letter provides further evidence of how the proposed rule will harm investors and the inadequacy of the SEC’s economic analysis.
The letter highlights the unintended consequences of the rule for institutional investors—including pensions, foundations, and endowments and also draws attention to the many recently proposed rules governing the private fund industry, arguing that the SEC
Institutional investors are set to replace retail investors as the major holders of digital assets, according to new research from digital currency asset manager Grayscale Investments.
A new international study found more than seven out of 10 (71%) of professional investors believe institutions will hold 60% of digital assets within seven years, reversing the current status where institutions hold around 3% of digital assets and retail investors 97%.
The research among professional investors who control $182.5 billion assets under management found almost total agreement that institutions will replace retail investors as the main holders of digital assets – only 4% said it will never happen.
Swiss financial data expert SIX has partnered with Urgentem, an independent provider of carbon emissions data and climate risk analytics, to support clients in meeting climate related requirements such as regulatory reporting of emissions data, tracking alignment to climate goals (Net Zero) and stress testing among many others.
Pan-European market infrastructure provider Euronext has completed the migration of its Core Data Centre and related colocation services from Basildon, UK, to the Aruba Global Cloud Data Centre IT3 in Bergamo, Italy.
This key milestone has been completed on schedule in just 14 months.
Relocating Euronext’s Core Data Centre from the UK to Italy, into a best-in-class and green data centre facility, was a strategic decision made in response to multiple factors, including the dynamic created by Brexit, and a strong rationale for relocating Euronext’s core European trading activities in the European Union.
Hedge fund BlueBay Asset Management is betting against a Bank of Japan (BoJ) bond yield policy CIO Mark Dowding regards as ‘untenable’, according to a report by Bloomberg.
The BoJ’s so called yield curve control – an attempt to limit bond yields – seems increasingly out of step with the approach of other central banks to soaring inflation rates.
The report quotes Dowding as revealing that BlueBay, which manages around $127 million, has a ‘sizeable short’ on Japanese government bonds.
Temenos has launched Multifonds Navigator, a simple and cost-efficient NAV oversight and contingency solution for asset managers who outsource their fund accounting operations to third-party administrators.
Hazeltree, a specialist in treasury and liquidity management technology for the alternative asset industry, has appointed Sandy Weil as chief revenue officer.
Weil joins Hazeltree with over 30 years of experience in developing new businesses and new markets across different high-growth areas in financial services.
Weil reports directly to Hazeltree CEO Tushar Amin and will be responsible for driving Hazeltree’s growth strategy across regions and product lines.
Most recently, he was a Senior Vice President at ION Trading where he managed the global cross-selling business across treasury and commodities and developed a significant and fast-growing market for the worldwide ION
Hedge fund managers and investors don’t currently see eye-to-eye when it comes to investment priorities, according to a new paper published by SEI.
Back to the future, which is based on the findings of a Preqin survey of more than 160 hedge fund industry managers (GPs) and investors (LPs), reveals a ‘consistent disharmony’ between the two camps.
According to the survey, some 36% of LPs see decreased volatility as very important, while the exact same proportion of GPs don’t see it as important at all. LPs meanwhile, are over twice as concerned about portfolio leverage as GPs.
In addition,
During the second half of 2021, and in collaboration with ANZU Research, Preqin, and Global Fund Media, SEI surveyed 160 participants – 79 hedge fund managers (General Partners, or GPs) and 81 investors (Limited Partners, or LPs) – to gather and compare their perspectives, get a glimpse of the future, and pinpoint threats and opportunities within the hedge fund industry…
