Sunday, 23 November 2014
Last updated 1 day ago
Aug 29 2011 | 11:26am ET
With Muammar Gaddafi's 42-year reign in Libya all but over, U.S. authorities have given the green light to a London-based hedge fund set up by Libya to begin trading once again.
FM Capital Partners had been barred from trading U.S. assets in March, when countries around the world froze some US$168 billion in Libyan assets to prevent their being used to crush the anti-Gaddafi rebellion. FM, which has about US$1 billion in assets, was mostly spared that freeze, with U.K. and European Union authorities allowing it to continue to trade under the condition that its assets were not handed back to Libya.
The U.S. lifting of the freeze on FM Capital, granted privately earlier this month, is subject to similar restrictions pending the outcome of the Libyan revolution, The Telegraph reports.
The U.S. has also released some US$1.5 billion of Libyan assets held in U.S. banks for use by the anti-Gaddafi National Transitional Council.
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...