24 Dec 2008
SS&C appoints industry veteran as head of alternative fund administration sales
Connecticut-based SS&C Technologies, a provider of financial services software and software-enabled services, has appointed Fred Jacobs…
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23 Dec 2008
Prime brokerage risk manager S3 Partners appoints Thomas Tesauro
New York-based prime brokerage risk manager S3 Partners has appointed Thomas Tesauro as a managing director responsible for the firm's…
Brooklyn commodity pool operator faces penalties for fraud
The US Commodity Futures Trading Commission has filed and settled charges of fraud, filing false documents and misappropriation of customer…
IDCG granted regulatory approval to clear OTC interest rate swaps
International Derivatives Clearing Group has announced that the Commodity Futures Trading Commission has approved its application as a…
22 Dec 2008
NIR Group launches commodities fund
NIR Group, an alternative investment firm specialising in low correlation strategies, has announced that Cortan Commodity Partners is now…
US court orders Argentine trader Diego Mariano Rolando to pay over USD10m
The US District Court for the District of Connecticut has entered a default judgment order against Diego Mariano Rolando, a citizen of…
Liffe and LCH Clearnet launch credit default swaps on Bclear
Liffe, the global derivatives business of NYSE Euronext, and LCH Clearnet, a global central counterparty, have launched credit default swap…
Comment: Madoff offers an extremely expensive lesson in due diligence
Jérôme de Lavenère Lussan, managing partner of investment management consultancy Laven Partners, says that the fraud apparently perpetrated…
Schulte Roth & Zabel and Dechert add London fund lawyers to partnership
Schulte Roth & Zabel International has announced that Josh Dambacher, who is based in the firm's London office, has been elected a…
21 Dec 2008
Managing in the new paradigm: reducing hedge fund costs
After a year that has seen the near-collapse of financial markets and the worst average performance by hedge funds in the industry's…
19 Dec 2008
UK hedge fund managers call for "reasoned" short-selling regime
Short selling is not per se a significant contributor to market instability, according to a survey of senior managers at hedge fund firms…
International investors doubt that accounting changes will help relieve financial crisis
Fewer than a quarter of the respondents to a survey carried out by French business school and investment research institution Edhec believe…
New York federal court orders hedge fund manager to pay civil penalty
The US Commodity Futures Trading Commission has obtained a USD200,000 civil penalty and a permanent commodities trading ban against hedge…
Ernst & Young New Zealand Absolute Return Index reaches new high
The Ernst and Young New Zealand Absolute Return index surged to a new high in November, gaining 1.502 per cent for the month, bringing…
Société Générale Asset Management sells London subsidiary to GLG Partners
Société Générale Asset Management has agreed to sell its London-based asset management subsidiary, SGAM UK, which managed USD8.2bn in…
