06 Jan 2009
Offshore law firm Harneys appoints eight partners
Eight new partners have been made up at the offshore law firm Harney Westwood & Riegels.Eight new partners have been made up at the…
More
LME achieves another year of record volume
The London Metal Exchange achieved another record year in 2008 with over 113 million lots traded, representing a year-on-year increase of…
05 Jan 2009
FSA announces end to short-selling ban but plans to extend disclosure regime
The Financial Services Authority has announced that it is not proposing to renew its ban on the short-selling of the stocks of UK financial…
Morrison & Foerster elects ten lawyers to partnership
US-based law firm Morrison & Foerster has announced that ten lawyers have been elected to the partnership as of 1 January.US-based law…
Christian Klapproth leaves Eurex Bonds and Eurex Repo
Eurex Repo and Eurex Bonds have announced changes in the management team of both companies. Eurex Repo and Eurex Bonds have announced…
GLG Partners halts quarterly dividends to preserve capital
GLG Partners, an alternative asset manager, has announced that its board of directors has determined not to continue paying a regular…
Silk Invest acquires a majority stake in Danfonds Frontier Funds SPC
Silk Invest, a specialist asset management firm, has acquired Danfonds Frontier Fund SPC, a Cayman based hedge fund, in an all equity…
FDIC sells USD14bn IndyMac Federal to private equity consortium
The Federal Deposit Insurance Corporation has signed a letter of intent to sell the banking operations of Pasadena, California-based…
SEC halts USD23m Ponzi scheme and affinity fraud targeting Haitian-American investors
The Securities and Exchange Commission has obtained an emergency court order to halt an alleged Ponzi scheme and affinity fraud that…
Aberdeen acquires GBP40bn Credit Suisse asset management business
Aberdeen Asset Management has agreed to acquire Credit Suisse's fixed-income, money-market and equity asset management business in Europe,…
Comment: Happy new short-selling ban extension!
'Ring out the old, ring in the new' is a new year catchphrase that may well be apposite for most financial sector players in 2009, but…
Aima promises close co-operation with policy makers in 2009
The new chairman of hedge fund industry body the Alternative Investment Management Association has promised full and active co-operation…
24 Dec 2008
CME certifies proposal to clear credit default swaps
The Commodity Futures Trading Commission has announced that the Chicago Mercantile Exchange has certified plans to provide clearing…
Blackstone to rationalise single manager hedge funds businesses
The Blackstone Group is making changes to the single manager hedge funds businesses within its alternative asset management segment,…
US court orders Swiss firm to pay over USD9m in commodity fraud action
The US Commodity Futures Trading Commission has announced that Jörg Heierle, of Miami Beach, Florida, and INH-Interholding of Switzerland…
