Search Results for: Hedge funds
Hedge fund manager barred from managing client money until 2018
January 11th, 2016
Steven A. Cohen Barred From Supervisory Hedge Fund Role SEC Examinations and Independent Consultant Reviews Also Part of Settlement The Securities and Exchange Commission announced that hedge fund manager Steven A. Cohen will be prohibited from supervising funds that manage ...
Swaps Payout Is a Windfall for Funds
January 11th, 2016
Market participants, lawyers will divide up $1.9 billion settlement Here’s another way some Wall Street debt traders are making money: suing. Several hedge funds and other big credit investors are in line for payouts of tens of millions of ...
JPMorgan Said to Win Relief in SEC Case on Sale of Its Own Funds
December 10th, 2015
Bank to get consent to continue raising money for hedge funds SEC, CFTC may announce settlements with bank as soon as Friday JPMorgan Chase & Co. is close to settling cases that threatened to bar the bank from raising ...
Goldman, Morgan Stanley win back hedge fund trading business
October 7th, 2015
Goldman Sachs and Morgan Stanley are winning back the trading business of hedge fund clients that they lost to European rivals during the financial crisis, as new capital rules spur banks like Deutsche Bank to scale down their businesses. ...
Citigroup Affiliates to Pay $180 Million to Settle Hedge Fund Fraud Charges
August 18th, 2015
The Securities and Exchange Commission announced that two Citigroup affiliates have agreed to pay nearly $180 million to settle charges that they defrauded investors in two hedge funds by claiming they were safe, low-risk, and suitable for traditional bond ...
Exchange-Traded Funds (ETF) trading has gone insane
July 31st, 2015
Activity led by SPY, which trades about $24 billion a day for eye-popping turnover of 3,400% Everyone is talking about how exchange-traded funds have now overtaken hedge funds in terms of total assets. That’s small change compared with how much ...
Oil prices fall as China share crisis worsens, traders hedge for further drops
July 8th, 2015
Oil futures fell again on Wednesday as worries over the Greek debt crisis and China’s stock market turmoil outweighed an expected U.S. inventory drop, with traders anticipating further drops. Chinaoil prices’s stocks tanked further on Wednesday in a deepening ...
SFC recovers $190 million for investors of collapsed hedge fund
May 7th, 2015
The Securities and Futures Commission (SFC) today resolved proceedings involving the Descartes Athena Fund SPC (the Athena Fund), paving the way for about 340 overseas investors allegedly defrauded by the collapsed private hedge fund to recoup part of their ...
Boss of hedge fund Weavering battles fraud charges in London court
December 15th, 2014
Magnus Peterson, battling fraud charges after his $600 million Weavering hedge fund collapsed during the financial crisis, told a court on Friday he could not remember which investors he had warned about his fund’s use of complex financial instruments. ...
Platt’s $50 Billion Hedge-Fund Dream Deferred
November 10th, 2014
When billionaire Michael Platt flew to the Middle East in September 2013, he was running one of the world’s largest hedge funds. He wanted to make it bigger. He told investors at the region’s sovereign-wealth funds that his BlueCrest ...
