Asia’s hedge fund industry is about to have a new player as South Korea this week prepares to launch its first 13 local hedge fund vehicl
Chi-X Global Inc has confirmed that its Chi-X Australia Pty Ltd subsidiary will commence operations on Monday 31 October 2011 following notice from the Australian Securities & Investments Commission (ASIC) that all preconditions in the Chi-X market licence have been
The United States District Court for the District of Colorado has entered judgments against Richard Dalton and Universal Consulting Resources LLC (UCR) and ordered them to pay USD15,842,948, which includes a civil penalty of USD7,549,458. The Court found that Dalton
Agio Technology, a provider of managed IT services for hedge funds, continued to demonstrate significant growth in 2011 as a result of a growing trend of hedge funds and other investment advisory firms outsourcing non-differentiating IT functions to third-party providers.
Virtus Investment Partners and Cliffwater have established Cliffwater Investments, an investment adviser that will sub-advise a series of multi-strategy, multi-manager alternative mutual funds for retail investors. The new venture will leverage Cliffwater's expertise in portfolio construction and its research of
Talk about key man. More than USD600 billion is currently managed by hedge funds whose founders will turn at least 60 in the next decade, according to Institutional Investor magazine. The retirement – or death – of star traders can
The Securities and Exchange Commission has filed a civil injunctive action in the United States District Court for the Southern District of New York charging two individuals with engaging in a fraudulent scheme to overvalue illiquid asset holdings of the
A new court ruling in the BVI, based on one of the biggest Bernard Madoff feeder funds, could shake up the funds industry as it provides clarification (and reassurance) for investors redeeming investments from BVI funds that the fund will
In December, the stock market experienced a slight rebound, with the S&P 500 gaining 1.02% in a context of steadily decreasing implied volatility: the VIX reached a 23.4% level after three consecutive months of retreat from its September peak (43.0%).
Fidelity Institutional has launched a new solution for accessing alternative investments. Fidelity’s platform will provide research, education and third-party due diligence, as well as access to a wide range of alternative investment products for all Fidelity Institutional clients. Financial
