The Alternative Investment Management Association has published a German-language educational paper about the social and economic value provided by the hedge fund industry. The paper stresses the financial stability benefits that hedge funds provide to financial markets and highlights the
The Securities and Exchange Commission (SEC) has charged Texas-based financial services firm Life Partners Holdings Inc and three of its senior executives over their involvement in a fraudulent disclosure and accounting scheme involving life settlements. The SEC alleges that Life
The London Metal Exchange (LME) Steel Billet contract has grown substantially in 2011 with record volumes, new location and brand listings, and industry recognition at the American Metal Market’s (AMM) Awards for Steel Excellence. LME Steel Billet traded 209,229 lots
Michael Bodson (pictured), President and Chief Executive Officer of The Depository Trust & Clearing Corporation (DTCC), is joining Omgeo’s Board of Managers as Chairman. Bodson assumes the role from Andrew Gray, Managing Director of Core Business Management at DTCC, who
Equinix, a provider of global data centre services, will offer its customers connectivity to BATS Global Markets’ secondary data centre facility in Chicago. BATS will accept connections to all three of its US secondary market centres ― its two equities
Citco Corporate & Trust has reached an agreement to acquire Société Européenne de Banque’s (SEB) Corporate Management Services business. SEB plans to focus on its core banking activities. SEB is the Luxembourg establishment of Intesa Sanpaolo Banking Group, Italy’s leading
The Securities and Exchange Commission has taken another step toward regulating the over-the-counter derivatives market by unanimously approving rules and interpretations for key definitions of certain derivative products. The SEC rules and interpretations further define the terms “swap” and “security-based
Trinity Fund Administration (Cayman) Ltd has opened a new office in New York City. The New York office will be primarily a local contact point enabling the firm to better facilitate its North American clients and business partners. John McCann
The Securities and Exchange Commission has filed a civil injunctive action charging ThinkStrategy Capital Management and its sole managing director, Chetan Kapur, with deceptive conduct in connection with two hedge funds that they managed and advised: ThinkStrategy Capital Fund and
Scottish Widows is transferring GBP2.1 billion into portfolios linked to the FTSE RAFI Index Series. The mandate represents the largest single investment from a UK institutional investor into the FTSE RAFI Index Series. The funds will be linked to three
