Sunday, 23 November 2014
Last updated 2 days ago
Aug 25 2010 | 1:49pm ET
The Securities and Exchange Commission has sought—and received—information from a New Jersey hedge fund that specializes in private investments in public equities.
Yorkville Advisors told investors that it had complied with the regulator’s request. The 2009 audited financial statements for the Jersey City firm’s flagship hedge fund said the SEC asked it to “supply certain information” last August, but did not indicate what information the regulator sought or what the SEC was investigating, if anything. Yorkville, which says it manages $864 million, attributed the SEC request to increasing regulation and oversight of hedge funds, Forbes reports.
The YA Global Investments fund—formerly called Cornell Capital Partners—reported returns of 6.04% last year and 6.22% in 2008.
Yorkville also cancelled a conference call about its financial statements, scheduled for yesterday.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...