Argentina's euro bondholders ask U.S. judge to suspend debt ruling
07/29/2014 6:11:36 PM ET
NEW YORK/BUENOS AIRES (Reuters)—Holders of Argentina's euro-denominated exchange bonds urged a U.S. judge on Tuesday [July 29] to suspend a debt ruling in favor of holdout investors suing the country that risks toppling Latin America's No.
U.S. judge says SEC can't seek $1.4 billion from Texas' Wylys
07/29/2014 6:03:39 PM ET
NEW YORK (Reuters)—A U.S. judge on Tuesday [July 29] ruled that a securities regulator cannot seek as much as $1.4 billion in damages from Texas tycoon Sam Wyly and his late brother Charles' estate for their role in a fraudulent offshore scheme.
N.Y. regulator wants monitors in Deutsche Bank, Barclays
07/29/2014 5:52:44 PM ET
NEW YORK (Reuters)—New York's banking regulator is seeking to place government monitors in the U.S. offices of Deutsche Bank AG and Barclays Plc as part of its investigation into the foreign-exchange market, a person familiar with the matter said.
U.S. SEC lawyer Gellasch to leave for Senate investigative panel
07/29/2014 1:53:13 PM ET
WASHINGTON (Reuters)—An attorney at the U.S. Securities and Exchange Commission who once helped craft legislative language for the "Volcker rule" and other major pieces of the 2010 Dodd-Frank financial reform law is returning to Capitol Hill.
Citigroup names James Boyle as global head of equity derivatives
07/25/2014 3:26:55 PM ET
HONG KONG (Reuters)—Citigroup Inc. has named James Boyle as global head of equity derivatives, according to an internal memo, replacing Simon Yates who left for New York hedge fund Two Sigma Investments LLC in early July.
Nasdaq, Tradeworx to launch test facility for algorithms
10/09/2013 2:02:53 PM ET
NEW YORK (Reuters) Exchange operator Nasdaq OMX Group Inc. said on Wednesday [Oct. 9] it is partnering with a unit of high-frequency trading firm Tradeworx on an algorithm testing site for firms to examine automated trading strategies and reduce operational risk.
Buy Side Steps Up, and Streamlines: TABB Group Study
By Rich Blake, HedgeWorld
05/04/2010 10:02:17 AM ET
NEW YORK (HedgeWorld.com)—As money managers engage in increasingly sophisticated trading methods while encountering more compliance pressures, the push to invest in technologically advanced Order Management Systems (OMS), and separate Execution Management Systems (EMS), has never been greater, according to a soon to be released TABB Group study which surveyed 118 buy-side trading desks.
Elliott Management discloses bigger Juniper stake, tight-lipped on Argentina
07/29/2014 2:44:05 PM ET
BOSTON (Reuters)—Hedge fund Elliott Management told investors that it added to its stake in Juniper Networks last quarter and sees opportunities in real estate securities in Europe, but it said little about two positions making headlines – Argentinian bonds and EMC Corp.
During the first half of 2014, the Elliott Associates portfolio gained 4.
Ex-Citi FX trading head Prasad readies macro hedge fund
07/28/2014 4:40:45 PM ET
LONDON (Reuters)—Former global head of foreign exchange at Citigroup, Anil Prasad, is preparing to launch his own hedge fund in the first quarter of 2015, three sources familiar with the matter said.
The launch comes as global regulatory changes restrict banks from trading with their own money, prompting so-called proprietary desk traders to strike out on their own.
U.S. derivatives regulator faces test in big courtroom showdowns
07/28/2014 1:02:28 PM ET
WASHINGTON (Reuters)—The U.S. federal agency regulating derivatives has fought just three trials since 2011, all against small-time fraudsters in Florida.
U.S. SEC to review accredited investor rule
07/25/2014 3:56:39 PM ET
WASHINGTON (Reuters)—A U.S. Securities and Exchange Commission review of its "accredited investor" rule could ultimately make it tougher for brokers to sell privately traded securities, a high-risk, high-reward, high-commission staple at some small and independent firms.
Lipper hedge fund performance - June 2014 - Long-Short Equity (U.S. funds)
07/29/2014 5:12:33 PM ET
CHICAGO (HedgeWorld.com)—The chart below contains hedge fund performance data from the Lipper Hedge Fund Database for all U.S. funds open to investment.
Lipper hedge fund performance - June 2014 - Long-Short Equity (all funds)
07/29/2014 5:11:11 PM ET
CHICAGO (HedgeWorld.com)—The chart below contains hedge fund performance data from the Lipper Hedge Fund Database for all funds open to investment. Performance listed is absolute performance.
What's in Your Trading Documents? End-users beware
By Thomas D'Ambrosio, Morgan, Lewis & Bockius LLP
05/01/2014 11:25:16 AM ET
When parties effect financial transactions, be it a swap, option, forward, future, repo, reverse repo, securities loan, or other derivative transaction, they expect to receive the intended economics of the transaction within the approved risk parameters of the trade. In order to satisfy that expectation, parties generally seek to document their trading relationships in a usual and customary manner, relying often on widely accepted industry documentation.
Opinion: Past, Present and Future of Alternative Funds Market
By Brian Macallister, Ledgex Systems
02/28/2014 6:04:50 PM ET
It's been less than 50 years since the fund of funds model came on the investment scene, and that short history has been anything but dull. Born in the 1970s, American fund of funds took off in the '80s and '90s, and then hit a major stumbling block in 2008, when the widespread financial crisis unearthed deep challenges around liquidity.