The existing management team of Larch Lane Advisors, a specialist in early stage hedge fund investing and seeding, is to acquire the business from parent company Old Mutual Asset Management (US). The transaction is expected to close by the end
Odey Asset Management LLP has launched the Odey Investments plc UCITS umbrella, domiciled in Ireland. The Odey Odyssey Fund, managed by Tim Bond and with USD82.3 million of assets, is one of the first UCITS funds to be authorised by
The US Commodity Futures Trading Commission (CFTC) has obtained a federal consent order for permanent injunction against CFTC defendant Jeffrey L Groendyke (doing business as JG Forex Fund) of Middleville, Michigan, requiring him to pay USD963,141 in restitution and a USD420,000 civil monetary
ChineseInvestors.com’s S-1 filing with the Securities and Exchange Commission became effective this past week, securing a USD1.5m financing commitment from Kodiak Capital Group, a Delaware limited liability company. ChineseInvestors.com’s S-1 filing with the Securities and Exchange Commission became effective this
Asoka Wöhrmann, Co-CIO at DeAWM, on the US-Government-shutdown and debt-ceiling… The budget and debt-ceiling battle in the United States has the world holding its breath. The fronts between the Republicans and the Democrats seem to have hardened. At the same
The Financial Services Authority has announced that its investigation into trading in the stock of mortgage bank HBOS following a sharp fall in its share price has failed to uncover eviden
London-based Vertex Capital Management has migrated its Vertex Evolution Ucits fund to Point Nine’s Circle.2 cloud-based middle and back office s
Chi-X Global says Chi-FX Brazil is now available for participant certification. The platform, which has been developed via an alliance between Chi-X Global and BM&FBOVESPA, Bolsa de Valores, Mercadorias e Futuros (BVMF), is expected to launch in the fourth quarter.
The hedge fund industry took in USD5.1bn (0.3 per cent of assets) in August, reversing a USD9.2bn outflow (0.5 per cent of assets) in July, according to BarclayHedge and TrimTabs Investment Research. Based on data from 2,999 funds, the TrimTabs/BarclayHedge
In its fourth annual analysis of global financial regulations, KPMG says investment managers continue to face daunting challenges brought on by a changing global regulatory environment, which is fraught with unanswered questions and an array of differing rules in each
