30 Sep 2008
Rejection of US bailout bill sends markets tumbling around the world
By a vote of 228-to-205 the House of Representatives yesterday rejected US Treasury Secretary Hank Paulson's USD 700 bn (GBP 386 bn)…
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Contagion spreads to Europe as governments step in to save Bradford & Bingley, Hypo Real Estate, Fortis, Dexia and Glitnir
Governments around Europe were forced to rescue a number of financial institutions hit by the fallout from the ongoing US credit crisis,…
Majority of global investors think US bailout will restore order
More than 60 per cent of institutional investors, large companies and pension funds around the world think the USD700bn government bailout…
29 Sep 2008
CFTC sues commodity pool manager over alleged USD5.8m fraud
The US Commodity Futures Trading Commission has charged Boca Raton, Florida-based Michael A.The US Commodity Futures Trading Commission has…
Hedgeweek Comment: Big time to small time
Alas! The day has come when bosses once at the helm of the world's largest financial institutions are now taking up lower-profile posts in…
SEC wins hedge fund fraud case against head of Lancer Management Group
A US district court judge has granted a motion brought by the Securities and Exchange Commission for summary judgment against the main…
28 Sep 2008
Aima unveils new global council membership
The Alternative Investment Management Association, the London-based hedge fund industry association, has unveiled its new council…
26 Sep 2008
Laven Partners criticises Sarkozy's UN attack on hedge funds
London- and Geneva-based investment management consultancy Laven Partners has questioned the premises of French President Nicolas Sarkozy's…
Hedgemedia's AltInvestment Global News Round-Up: SEC probes alleged market manipulation of financial stocks
The Securities and Exchange Commission is investigating whether traders spread rumours in order to manipulate share prices and has ordered…
Hedgeweek Comment: Regulation all over the place
Regulators have banned short selling in order to ease the downward pressure on financial stocks, but they are still reviewing the details…
CFTC acts to revoke registration of Philadelphia Alternative Asset Management
The Commodity Futures Trading Commission has filed an action to revoke the registration of Philadelphia Alternative Asset Management as a…
Hong Kong regulator applauded for resisting pressure for short selling clampdown
The Hong Kong arm of the Alternative Investment Management Association, the London-based hedge fund industry association, has praised the…
BVI regulator introduces Annual Returns for domiciled investment funds
The British Virgin Islands Financial Services Commission has announced the creation of a new Annual Return regime for BVI investment…
Phoenix Fund Services wins Lindsell Train offshore long/short funds mandate
Phoenix Fund Services, a specialist provider of offshore and onshore traditional and alternative fund administration services, has won a…
25 Sep 2008
Quant specialist Cani Financial Advisors appoints director of sales and marketing
Cani Financial Advisors, a Florida-based provider of quantitative trading technology and alternative asset management, has appointed Daniel…
