Gregoire Tournant, a former hedge fund manager at Allianz SE, has pleaded guilty to fraud charges related to billions of dollars in investor losses, two years after a unit of the investment firm agreed to pay $5.8bn in penalties for
Singapore authorities are intensifying scrutiny of hedge funds and family offices, requiring more information while stepping up the closure of dormant firms after a series of scandals exposed weaknesses in the oversight of the city state’s financial sector, according to
The US Securities and Exchange Commission recently announced enhancements to Regulation S-P, another layer of ongoing regulatory changes impacting how financial institutions handle customer data. To navigate the complexities, Align gathered a group of industry experts to react to these
The SEC has suffered a major setback in its bid to increase oversight of the hedge fund industry after a US appeals court threw out a new rule requiring managers to provide investors with quarterly disclosures of their fees and
New York-based hedge fund firm Mass Ave Global and Co-Founder and CEO Winston M Feng have agreed to pay a combined $600,000 in penalties to settle SEC charges that it made “false and misleading statements” to investors in its flagship
Jefferies Financial Group, the main creditor of hedge fund Weiss Multi-Strategy Advisers, which went bust in April after over 40 years of trading, says the fund should claw back about $30m that it paid employees just before filing for bankruptcy,
The California State Assembly is considering a bill requiring private equity firms and hedge funds to obtain consent from the state’s Attorney General prior to any change of control or acquisition of healthcare facilities or provider groups.
Simon Sadler’s $4.8bn Asian hedge fund Segantii Capital Management has said it will wind down and return capital to its investors “in an orderly manner”, with about 140 employees across Hong Kong, New York and London affected by the decision.
Hedge fund Solo Capital’s founder Sanjay Shah, who has been accused of masterminding a £1.44bn ($1.83bn) dividend tax fraud against Denmark, said that he had depended on others for tax and legal advice in a London court on Tuesday, according
New York state legislators are considering a change to an existing law that imposes a 9% interest rate on defaulted sovereign emerging-market bonds which, if enacted, could make cases like Elliott Investment Management’s dispute with Argentina less likely, according to
