Thursday, 25 December 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.