Tag Archives: credit default swaps


SFO to investigate banks over mis-selling of complex products

Citywire.co.uk – The Serious Fraud Office (SFO) is to probe UK banks for evidence that complex financial products were mis-sold to consumers before the recession hit. SFO director Richard Alderman plans to investigate the sale of complicated financial instruments like […]

UK fraud authority investigation into BVI company prompts wider probe of structured finance, swaps

Caribbean Net News – The UK Serious Fraud Office is investigating sales of credit-default swaps and structured-finance products, including collateralized debt obligations, prior to the credit crisis, following up an earlier investigation into a hedge fund and a related British Virgin […]

U.K. Probing Hedge Funds, Structured Finance Amid Fraud Concern

Bloomberg – The U.K. Serious Fraud Office is investigating sales of structured-finance products such as credit default swaps and collateralized debt obligations prior to the global financial crisis. The SFO is looking into whether banks that sold the products knew […]

The Dust Hasn’t Settled on Wall Street, but History’s Already Repeating Itself

The Washington Post – The Wall Street herd is at it again. Even as the cleanup crew is carting away the debris left by the last financial crisis, the investment banks, hedge funds and exchanges are busy working on the […]

Sumitomo Trust Finance to Start New Japan-Focused Hedge Fund

Bloomberg – Sumitomo Trust Finance (H.K.) Ltd., the asset-management unit of Japan’s fifth-biggest bank, will start a new multi-strategy hedge fund that invests in Japanese stocks, index options, futures and credit-default swaps. The Tactical Equity Concepts-Japan Fund, also called TEC- […]

Obama’s Overhaul Would Register Hedge Funds

Courthouse News Service – President Obama’s plan to overhaul financial regulations, to prevent a repeat of the country’s credit and banking catastrophe, is laid out in a "nearly final" 85-page document the president is expected to reveal today.      Among […]

BTIG to Expand, Hires 4 High Yield Experts

West Palm Beach (HedgeCo.net) – Institutional brokerage and hedge fund services company BTIG LLC, announced the further expansion of its Global Fixed Income Group with four new hires. The Global Fixed Income Group was launched in February of this year […]

Hedge Fund Provider Appoints Risk Specialist as Senior Advisor

West Palm Beach (HedgeCo.net) – Risk management expert, Dr. Stuart Turnbull, has been appointed as senior advisor to independent hedge fund technology provider GlobeOp’s Risk Services. "Risk measurement, analytics and reporting are increasingly important to hedge funds and investors alike," […]

Boaz Weinstein Said to Raise $160 Million for Saba Hedge Fund

Bloomberg – Boaz Weinstein, the bond trader who lost more than $1 billion last year at Deutsche Bank AG, has raised about $160 million since the end of April for his new hedge fund, according to two people familiar with […]

SEC’s Salvo In The New War Against Insider Trading & Credit Default Swaps

24/7 Wall St. – According to a civil suit filed today by the Securities Exchange Commission in the Southern District Court of New York, John-Paul Rorech, a bond salesman at Deutsche Bank Securities, and Reanto Negrin, a former portfolio manager […]

SEC has about 150 hedge fund probes

Reuters – U.S. securities regulators have about 150 active hedge fund investigations and more than 50 probes involving credit default swaps and other derivatives, Securities and Exchange Commission Chairman Mary Schapiro said on Monday. The SEC also has about two […]

US Law Firm Investigating OppenheimerFunds for ‘Hedge Fund Like’ Trading

West Palm Beach (HedgeCo.net) – OppenheimerFunds, Inc. and OppenheimerFunds Distributor, Inc. is being investigated by US law firm Hagens Berman Sobol Shapiro for alleged violations of federal securities laws among other things on behalf of investors in the Core Bond […]

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