Legal News

Hedge fund directors should sit on fewer boards and be paid more, according to industry experts

Capping the number of hedge fund boards directors can sit on while simultaneously increasing their remuneration could significantly improve corporate governance standards in the alternatives space, according to industry experts.

Feb 10, 2011

SEC increases reporting requirements for biggest hedge funds

Advisers to the biggest hedge funds will face even more reporting requirements as the US Securities and Exchange Commission (SEC) continues to toughen up its regulatory oversight.

Jan 26, 2011

SEC fines San Francisco-based hedge fund managers in settlement

The US Securities and Exchange Commission (SEC) has ordered a San Francisco-based hedge fund to pay more than $1 million to settle claims they misused client assets while investing into subprime automobile loans.

Dec 23, 2010

Hedge funds employ 300,000 worldwide, according to survey

Hedge funds employ an estimated 300,000 people worldwide, according to a groundbreaking survey by the Alternative Investment Management Association (AIMA), the body that represents the hedge fund industry.

Dec 10, 2010

Gartmore fined by Securities and Exchange Commission

Asset manager Gartmore was hit with a $1.35 million fine from the US Securities and Exchange Commission (SEC) after one of its funds broke short-selling rules.

Dec 10, 2010

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Insider trading arrest in FBI investigation

The Federal Bureau of Investigation (FBI) continued its insider trading probe with the arrest of Don Ching Trang Chu, a former executive at Primary Global, an ‘expert network’ firm that provides market intelligence to hedge funds and other money managers.

Nov 25, 2010

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FBI raids three hedge funds

The Federal Bureau of Investigation (FBI) has raided three hedge funds – Diamondback, Level Global Investors and Loch Capital Management - following allegations of insider trading.

Nov 23, 2010

SEC strengthens regulatory oversight of investment advisers

The US Securities and Exchange Commission (SEC) has voted to propose new rules to strengthen its oversight of investment advisers and fill key gaps in the regulatory landscape.

Nov 22, 2010

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SEC charges two in continuing Madoff investigation

The Securities and Exchange Commission (SEC) has charged two long-time Bernard Madoff employees for their part in the $65 billion Ponzi scheme.

Nov 19, 2010

European Parliament passes hedge fund directive

“It could have been worse” – that is the general consensus among many in the hedge fund industry about the European Union’s (EU’s) Alternative Investment Fund Manager (AIFM) directive.

Nov 12, 2010

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