Saturday, 27 December 2014
Last updated 2 days ago
Sep 9 2011 | 12:39pm ET
HSBC can't escape liability for its role as the custodian for a Bernard Madoff feeder fund for a mere $62.5 million.
A federal judge in New York has rejected that proposed settlement with investors in the Thema International Fund. U.S. District Judge Richard Berman blasted a number of "obvious deficiencies," including a provision giving $10 million to the lawyers in the class action suit to sue non-settling defendants outside of the U.S.
The proposed settlement is "not fair, reasonable or adequate, even at this preliminary stage," Berman ruled.
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.