The U.S. Chamber of Commerce’s Center for Capital Markets Competitiveness (CCMC) reaffirmed its position on reforming America’s capital markets and outlined actions the administration, Congress, and the business community must take to help restore and strengthen our nation’s capital markets. The Chamber again called for modernizing the regulations governing our capital markets in a way that puts the economy, jobs, […]
The U.S. Department of Justice released the names of the eight defendants who were arrested yesterday, 5th Nov, 2009: 1. Zvi Goffer, who formerly worked at The Schottenfeld Group LLC (Schottenfeld), a broker dealer in New York, and currently operates a trading firm called Incremental Capital (Incremental), in New York; 2. Arthur Cutillo, an attorney at the law firm of […]
The Alternative Investment Management Association (AIMA) – the global hedge fund industry association – has reiterated its support for the registration of hedge fund managers in the U.S. and for the reporting of systemically relevant information by larger managers to national authorities in the interests of financial stability. The move comes as the bill (sponsored by Rep. Paul Kanjorski) that […]
George Town, Grand Cayman – The Cayman Islands signed a Tax Information Exchange Agreement (TIEA) with the Netherlands Antilles on 29 October 2009 whilst attending the CFATF Plenary, held in Curacao. The agreement, which is Cayman’s fourteenth, was signed on behalf of the Cayman Islands by Attorney General, the Honourable Samuel Bulgin, who was Cabinet’s authorised signatory. Mr Bulgin said: […]
Knight Capital Group, Inc. today announced that Knight Libertas has established a Global Emerging Markets Sales team based in Greenwich, Conn., Hong Kong and London. Effective immediately, the following have joined the institutional fixed income broker-dealer: Augusto Castilho, Eamon Tubridy, Alfredo Viegas and Elena Antonova in the U.S.; Alesandro Gherzi, Alisa Mujagic, Nipun Ramaiya, Darren Reiss, Richard Segal and Will […]
Paul N. Roth and Marc E. Elovitz of Schulte Roth & Zabel LLP., commented on the areas the SEC has been focusing on recently. Hedge fund advisers continue to be a significant priority for the Securities and Exchange Commission (the “SEC”) in its rulemaking, enforcement, and examination efforts. “The purpose of this article is to identify and discuss recent areas […]
The production decline rates for six examples of declining net oil exporting countries were all in the single digit range, and all but one were less than 5%/year. Continue reading
Stock Market Investing: The action of the equity markets over the last couple of weeks has been, to say the least, suspect. Today, the averages are testing support at the 50-day moving average and the uptrend line that goes back to March, the beginning of this Fed induced, government sponsored rally. For your edification I will highlight just a few […]
South Florida Benefit for Hedge Funds Care
The South Florida Benefit for Hedge Funds Care is being held Thursday, December 3, 2009, from 7 p.m. until 10 p.m. at the The Betsy Hotel South Beach, coinciding with the Basel Miami Beach art show. The South Florida Benefit for Hedge Funds Care hopes to unite hedge funds, investors, local luminaries, and the financial and art world, for an […]