Direct Access Partners, a diversified institutional financial services firm, has appointed Michael Dolan to launch a new research initiative as part of its expansion across its multi-asset class execution offering. The Alternative Research Group (ARG) will focus on acquisitions, strategic
The Securities and Exchange Commission has charged JP Morgan Securities and affiliated entities with misleading investors in offerings of residential mortgage-backed securities (RMBS). The firm agreed to a settlement in which it will pay USD296.9m. The SEC plans to distribute
In October, after plummeting for five months, the equity market displayed astonishing versatility, with the S&P 500 index registering a positive double-digit return (+10.93%), its best monthly performance over the past twenty years, supported by a strong fall (-13%) in
The Hedge Fund Association (HFA), an international nonprofit trade and nonpartisan lobbying organisation, has elected four new global directors and a new regional leader. Rajpal Arulpragasam, Suzanne Currie, Amy Lawrence and Gary Markham will all serve three-year terms as new
IFG Trust and Corporate Group has acquired Jersey-based Moore Group. This is the first acquisition since the group’s MBO in July this year when it separated from IFG Group Plc. Growth is one of the group’s main objectives and the
Black Diamond Capital Management, an alternative asset management firm with over USD10 billion in assets under management, has appointed Kenneth Rubin as a Senior Managing Director and Hedge Fund Portfolio Manager. Rubin will have responsibility for the hedge fund platform
As the FSA launches a two-part consultation to transpose the Alternative Investment Fund Managers directive (AIFMD) into UK law, Deloitte, the business advisory firm, says the policy positions taken will affect how the directive applies to investment trusts, hedge fund
The Financial Stability Board (FSB) has published for public consultation an initial integrated set of policy recommendations to strengthen oversight and regulation of the shadow banking system. The “shadow banking system” can broadly be described as “credit intermediation involving entities
The Eurekahedge Hedge Fund Index was up 1.13 per cent in April, supported by the global equities which advanced on encouraging economic data and accommodative central bank policies. Positive earnings surprises helped renew investors’ optimism in the global equity market,
Half (52 per cent) of industry bosses think that current regulation will have little or no impact on making the financial services world more stable and three quarters (73 per cent) suggest it will have little or no improvement to
