Hedge Fund News From HedgeCo.Net
Category Archives: Hedge Fund Regulation
Hedge Fund Managers: AIFMD To Be Implemented on July 22
New York (HedgeCo.Net) – The Alternative Investment Fund Managers Directive (the “Directive”) will be implemented on July 22, 2013 and will impact the reporting requirements of alternative investment fund managers (“AIFMs”) covered by the Directive, including hedge funds based in [...]
SEC To Focus On Trade Allocation at Hedge Funds
New York (HedgeCo.Net) – The Securities and Exchange Commission recently discussed its exam priorities for 2013. Topics they will focus on include conflicts of interest related to trade allocation at hedge funds and fund governance, Corgentum’s Due Diligence News reports. The [...]
Final FATCA Regulations Have Been Issued
The Foreign Account Tax Compliance Act (FATCA) provisions were introduced in response to instances where foreign assets of U.S. taxpayers were discovered to have been hidden in offshore accounts and held through foreign entities. This resulted in a substantial amount of [...]
UK To “Forgive” Backlog of Wealthy Tax Evaders
New York (HedgeCo.Net) – UK bankers, hedge fund managers and celebrities are being offered a chance to settle income tax avoidance schemes estimated to have sheltered more than £3.5bn ($5.6 billion) through film financing structures and other tax-motivated partnerships, the Guardian reports. The [...]
2 Prominent Hedge Fund Managers Found Guilty
New York (HedgeCo.Net) – A New York jury has found Anthony Chiasson and Todd Newman, both former hedge fund managers, guilty of insider trading charges. The NYT reports: “The government built its case around the testimony of two key witnesses: Spyridon Adondakis, [...]
Treasury Department Reaches Largest Bank Settlement in U.S. History With HSBC
New York (Hedgeco.Net) – The U.S. Department of the Treasury announced settlements amounting to $875 million, the largest collective settlement in the department’s history, with HSBC. In total, more than $1.9 billion were assessed in penalties for HSBC’s conduct in violation [...]
Three Unregistered Brokers Charged For Improper Sales Of Hedge Fund Interests
New York (HedgeCo.Net) – The SEC has charged three brokers who raised funds for an Oregon-based hedge fund manager for failing to register as broker-dealers before engaging in securities transactions. “Broker-dealer registration is crucial to protecting investors from Ponzi schemes [...]
ESMA proposals will impact EUR 3billion of CTA UCITS assets, says Alix Capital
Alix Capital, the Geneva-based investment boutique specialising in regulated alternatives investments, is publishing a paper which reveals that ESMA proposals limiting the use of indices by UCITS funds will require a change in investment approach for EUR 3 billion of [...]
Rajat Gupta To Receive Sentence For Hedge Fund Fraud Today
New York (HedgeCo.Net) – At 2:00pm today Rajat Gupta, a former member of the Board of Directors at Goldman Sachs, will receive his prison sentence by U.S. District Judge Jed Rakoff. Gupta was found guilty on June 18th 2012 by a jury [...]
1504 Hedge Fund and Private Fund Advisers Have Registered Since The Dodd-Frank Act Was Implemented
New York (HedgeCo.Net) – The SEC reported that 1,504 advisers to hedge funds and other private funds have registered with the agency since the Dodd-Frank Wall Street Reform and Consumer Protection Act mandated such registration. While some private fund advisers [...]
SEC Alleges Fraud At New York Hedge Fund
New York (HedgeCo.Net) – The SEC yesterday charged $1billion hedge fund Yorkville Advisors LLC., its founder and president, Mark Angelo, and its chief financial officer, Edward Schinik with exaggerating returns in order to hide losses. The SEC alleges in a 35-page complaint filed [...]
