22 Mar 2013
More wealthy Americans turn to alternative investments to reach financial goals
Affluent Americans are more likely to allocate assets to alternative investment strategies in asset classes such as private equity, real…
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Former Galleon portfolio manager Rengan Rajaratnam charged with insider trading
Rajarengan (Rengan) Rajaratnam, a former portfolio manager at the hedge fund management firm Galleon Group, has been charged with…
UCITS fund managers face variable pay cap
The European Parliament has voted in favour of draft remuneration rules implementing variable pay caps for UCITS fund managers. The rules…
SGSS in Luxembourg develops services offering for alternative funds
Societe Generale Securities Services (SGSS) has created a centre of expertise in Luxembourg for alternative funds, which provides specific…
Lyxor Asset Management to launch new UCITS fund
Lyxor Asset Management is launching a new UCITS-compliant fund which aims to replicate Winton Capital Management’s Diversified…
21 Mar 2013
Fund managers one step closer to tougher bonus rules
The European Parliament’s economic and monetary affairs committee (ECON) has voted in favour of capping bonuses at 100% of salary. This is…
Hyundai to back Asian hedge fund, former MST Capital appoints SunGard Hedge360…
Hyundai Securities Co Ltd is seeding capital to a new Singapore-based hedge fund, it’s first such foray outside of South Korea and a…
Withers wins BVI hedge fund liquidation case for Baker Tilly
The BVI Court has confirmed the appointment of John Greenwood and Hadley Chilton of Baker Tilly (BVI) Limited as liquidators of four hedge…
SEB Investment Management appoints BNY Mellon to administer EUR40bn range of funds
BNY Mellon, a provider of investment management and investment services, has been appointed by SEB Investment Management to provide fund…
California hedge fund manager agrees USD1.8m settlement in Galleon-related insider trading case
The Honourable Jed S Rakoff of the US District Court for the Southern District of New York has entered a final judgment approving a USD1.8m…
Former hedge fund manager Homm indicted on federal fraud charges
A German national who managed a series of hedge funds based in the Cayman Islands has been indicted on federal fraud charges alleging that…
Cayman Islands and Brazil to exchange tax information
The Cayman Islands Government signed its 31st Tax Information Exchange Agreement (TIEA) with the Republic of Brazil on 19 March. The treaty…
Dow Jones Credit Suisse Hedge Fund Index up 0.24 per cent in February
Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished February up 0.24 per cent, with six out of 10 strategies…
Three quarters of CTAs/CPOs impacted by one or more FCM failure
Some 73 per cent of the commodity trading advisers (CTAs) and commodity pool operators (CPOs) that responded to a Horizon Cash Management…
Conifer appoints director and VP of business development
The Conifer Group, a provider of fund administration, middle office, trading and prime brokerage services to the hedge fund industry, is…
