Category Archives: Hedge Fund Regulation
BlackRock: Hedge Fund Giant Gets $15 Million Fine [updated]
New York (HedgeCo.Net) – BlackRock has been fined £9.5 million ($15 million) by the UK Financial Services Authority. The worlds biggest asset manager is said to have failed to follow rules protecting clients money, Reuters reported. The problem occurred after BlackRock bought Merrill Lynch Investment […]
Hedge Fund Manager Fined $2 million for Insider Trading
New York (HedgCo.Net) – Hedge fund firm Clay Capital Management has been convicted by a district court in New Jersey. It’s former Chief Investment Officer James Turner has been found guilty for his role in an insider trading scheme involving the […]
SEC Further Delays Repeal of Hedge Fund Advertising Restrictions
New York (HedgeCo.Net) – The SEC was expected today to repeal the ban on advertising, Title II of the JOBS Act, that was signed in to law by Obama on April 5th 2012. However the SEC has rescheduled it for a week […]
German government wants to limit hedge funds to professionals
(Reuters) – German Finance Minister Wolfgang Schaeuble wants to limit direct investment in hedge funds to professionals in order to protect private investors from risky assets, via a new bill regulating alternative investment funds, his ministry said on Wednesday. “Interests […]
Dash Financial announces management buy-out from I. A. Englander & Co LLC, purchase of EBS and private equity placement
New York (HedgeCo.Net) – Dash Financial Holdings, LLC, (Dash) announced, this morning, the completion of three transactions – the management buy-out of the Dash Financial division and all of its assets from Israel A. Englander & Co., the acquisition, of […]
The Murphy Mix-Up And Democrat Hedge Fund Contributions
New York (HedgeCo.Net) – Democrats Susan Bysiewicz and rival Chris Murphy are in a bit of a scuffle over hedge fund contributions, the Hartford Courant reports. Bysiewicz ran an add accusing Murphy of receiving around $700,000 in campaign contributions from financial firms, saying he has […]
Hedge Fund Survey: Smarsh Report Reveals Challenges in Oversight of Electronic Communications
New York (HedgeCo.Net) – The survey of more than 200 compliance professionals in the hedge fund industry was conducted to better understand the attitudes and current practices for electronic communication compliance. “This year’s survey findings illuminate the shifts underway related […]
Controversial Hedge Fund Manager Charged By SEC
New York (HedgeCo.net) – The hedge fund manager who challenged the US wireless broadband connectivity system by launching a cheaper alternative has been under investigation by the SEC for alleged manipulation of bond prices and favoring certain clients over others. The SEC said that Philip […]
More Hedge Fund Managers Buying Insurance
Finalternatives: Call it another form of hedging: the vast majority of hedge fund managers (82%) carry professional indemnity insurance, according to a new survey from Baronsmead. That total is up significantly from 2010, when it stood at 64%. The London-based […]
US Treasury Settles with Cuba/Iran to the tune of $619 Million
New York (HedgeCo.net) – The US Treasury today announced a $619 million settlement with ING Bank N.V. to settle potential liability for apparent violations of U.S. sanctions. Today’s settlement is the largest OFAC settlement of any kind to date. The […]
