Author Archives: Editor
SEC Announces Charges Against Wedbush Securities and Two Officials for Market Access Violations
The Securities and Exchange Commission today announced charges against a Los Angeles-based market access provider and two officials accused of violating the agency’s market access rule that requires firms to have adequate risk controls in place before providing customers with […]
US Supreme Court to review Argentina hedge fund battle
AFP – The US Supreme Court will discuss Thursday whether to hear a challenge from Argentina against hedge fund investors, a case that could hold deep ramifications for the global sovereign bond market. Argentina sought the highest US court’s intervention […]
Fivestar Plans Dollar-Based Japan Hedge Fund to Lure Foreigners
Bloomberg – Fivestar Asset Management Co., a Japanese investment firm, plans to start a dollar-based hedge fund that will invest in Japanese stocks, amid growing interest in the market from foreign investors. Fivestar is seeking to raise 10 billion yen […]
Apsley forges alliance with major insurer to distribute and market its unique AIFMD insurance product
Insurance provider Apsley Specialty (“Apsley”) has joined forces with Lloyd’s Pembroke Syndicate 4000 to provide capacity for its insurance offering to the alternative asset management sector. Pembroke, a wholly owned subsidiary of Ironshore Inc., operates as a syndicate within the […]
TrimTabs and BarclayHedge Report Hedge Funds Get $18.7 Billion in April
New York (HedgeCo.Net) – TrimTabs Investment Research and BarclayHedge reports that that hedge funds took in $18.7 billion (0.8% of assets) in April, up from $10.6 billion (0.5% of assets) in March. Also, the monthly survey of hedge fund managers […]
U.S. wins first guilty plea from individual in LIBOR probe
HedgeWorld – A former Rabobank NV trader pleaded guilty on Tuesday [June 10] for his role in manipulating LIBOR, becoming the first person to admit guilt in a worldwide probe into alleged manipulation of interest rate benchmarks. Takayuki Yagami, a […]
Red Kite reassured about Chinese metals financing probe
Reuters – Metals merchant and hedge fund Red Kite Group sees the apparent lack of further problems uncovered during a Chinese investigation into metals financing as a good sign, founding partner David Lilley said on Tuesday [June 10]. The probe […]
SEC Announces Charges Against Wedbush Securities and Two Officials for Market Access Violations
The Securities and Exchange Commission today announced charges against a Los Angeles-based market access provider and two officials accused of violating the agency’s market access rule that requires firms to have adequate risk controls in place before providing customers with […]
Harvard’s Mendillo to step down as CEO of school’s investment arm
Reuters – Jane Mendillo, who has overseen Harvard University’s $32.7 billion endowment as president and chief executive officer of the school’s investment arm Harvard Management Company for six years, is planning to step down at the end of 2014, the […]
Man Group Buys New York Fund Of Hedge Funds
New York (HedgeCo.Net) – Man Group has agreed to buy up a US-based fund of hedge fund manager specializing in the management of credit-focused hedge fund portfolios, Pine Grove Asset Management LLC, Pine Grove has approximately $1.0 billion of assets […]
SEC Charges New York-Based Dark Pool Operator With Failing to Safeguard Confidential Trading Information
SEC – The Securities and Exchange Commission today charged a New York-based brokerage firm that operates a dark pool alternative trading system with improperly using subscribers’ confidential trading information in marketing its services. Regulations require an alternative trading system (ATS) […]
Hedge fund billionaire splits with wife of almost 30 years
NYP – David Tepper, the world’s highest paid fund manager for the past two years, has split with his wife of nearly 30 years, Page Six can exclusively reveal. In what could be one of the most expensive hedge fund […]