Search Results for: hedge fund
SEC Charges Investment Adviser With Stealing Investor Funds
February 3rd, 2017
The Securities and Exchange Commission today charged a Connecticut-based investment advisory business and its owner with stealing money from investors to settle a private lawsuit among other misuses. The SEC alleges that Sentinel Growth Fund Management and its founder ...
New UBS equity index ETF on S&P 500 with currency hedge launched on Xetra
November 8th, 2016
ETF provides access to 500 largest US companies A new UBS Global Asset Management equity index ETF on S&P 500 has been tradable via Xetra and Börse Frankfurt since Tuesday. ETF name: UBS (Irl) ETF plc – S&P 500 ...
Saudi Arabia, SoftBank aim to be world’s No. 1 tech investor with $100 billion fund
October 14th, 2016
Saudi Arabia and Japan’s SoftBank Group (9984.T) will create a technology investment fund that could grow as large as $100 billion, making it one of the world’s largest private equity investors and a potential kingpin in the industry. The ...
Precious metals funds ride gold trade to 120% rally
August 8th, 2016
Gold mining stocks continue to leverage rising gold prices If you have been a gold investor this year, you can be pleased with the 26% gain for the precious metal. But if you had the foresight to leverage that ...
China regulator shutters 10,000 funds
August 2nd, 2016
China’s funds regulator said on Monday it has canceled the licenses of over 10,000 funds, amid a crackdown on the country’s poorly regulated fund management sector, which has been dogged by runaway managers and misappropriation of investments. The move ...
Fintech funding hits all-time high in 2015, despite pullback in Q4: KPMG and CB Insights
March 11th, 2016
KPMG and CB Insights release their inaugural quarterly fintech venture capital (VC) report, highlighting a record year for venture-backed fintech startups in 2015, but waning investor appetite to close out the year. While 2015 marked a banner year for ...
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 ...
Deutsche Bank Error Sent $6 Billion to Fund in June, FT Reports
October 20th, 2015
Deutsche Bank AG’s foreign-exchange unit mistakenly sent $6 billion to a U.S. hedge fund client in a so-called fat-finger error in June, recovering the money a day later, the Financial Times reported, citing unidentified people familiar with the matter. A ...
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 ...
