29 Feb 2008
MF Global uncovers rogue trader, announces USD 141.5 million bad debt provision
MF Global (NYSE: MF), the exchange-traded futures and options broker spun-out of Man Group plc via an IPO last year, has announced a bad…
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Hedgemedia's AltInvestment Global News Round-Up: Och-Ziff reports USD3.3bn cost of IPO
Och-Ziff Capital Management, one of the first hedge fund managers to go public last year, has reported a USD774.6m fourth-quarter loss that…
ICAP launches non-deliverable forwards on seven Asian currencies
ICAP is launching non-deliverable forwards on seven Asian currencies, as well as the Russian rouble on its electronic foreign exchange…
Aimse poll reveals investment 'Diamonds and Duds'
The Association of Investment Management Sales Executives, has announced the results of its first annual 'Diamonds and Duds' poll.The…
Bourne takes charge of sales at CrossBorder Capital
CrossBorder Capital has appointed William Bourne as director of sales to build on its recent growth and in anticipation of new fund…
28 Feb 2008
BlueCrest Capital Management goes live on Murex's MX.3 for credit derivatives
Murex has announced that BlueCrest Capital Management, a European hedge fund manager with USD 13bn under management, is now live on MX.3…
Asian hedge fund industry set to thrive despite headwinds
Arguably, 2007 was the most important year for hedge funds in Asia since GFIA started researching the Asian hedge fund universe in 1998.…
NFA takes emergency enforcement action against Innovative Capital Management
The National Futures Association has taken emergency enforcement action against Innovative Capital Management, a commodity pool operator…
Mourant du Feu & Jeune hires two partners
Mourant du Feu & Jeune, part of Mourant, has hired two partners, Richard de Basto and Matthew Feargrieve, for its Cayman funds and…
Daiwa Securities wins its SAS70 accounting report
Daiwa Securities Global Asset Services, the fund servicing arm of the Daiwa Securities Group, has obtained a statement of auditing…
27 Feb 2008
Asian industry growth drives admin challenges
More than 50 new alternative funds were launched in Asia in 2007, raising USD5bn in assets, and the continent's hedge fund industry saw…
Rival centres share growth of alternatives industry
Hong Kong and Singapore, the traditional rivals for financial services business in Asia outside Japan, are also doing battle to become the…
SGX to acquire majority stake in Sicom
The Singapore Exchange (SGX) and The Singapore Commodity Exchange (Sicom) have agreed in-principle to SGX acquiring at least 95 per cent of…
Non-doms can avoid tax crackdown with offshore bonds, says Killik
Brokers Killik & Co have issued an advice note with the non UK domiciled wealthy in mind.Brokers Killik & Co have issued an advice…
SuperDerivatives users get access to Liffe Connect
SuperDerivatives and Liffe have teamed up to provide SuperDerivatives's users with direct access to the Liffe Connect electronic trading…
