Sunday, 29 March 2015
Last updated 1 day ago
Sep 15 2011 | 1:28pm ET
Hong Kong hedge fund Oasis Management and its head have been rapped by the city's securities regulator for alleged market manipulation.
The fund and Seth Fischer, its chief investment officer, were each fined HK$7.5 million (US$960,000), the Kong Kong Securities and Futures Commission said today. The regulator also reprimanded Oasis and Fischer for their trades in Japan Airlines Corp. five years ago which it said was designed to depress JAL's share price.
"The high fines underscore the SFC's determination to ensure Hong Kong's market remains an international and regional hub for high standards," Mark Steward, its head of enforcement, said.
Neither Oasis nor Fischer admitted or denied any wrongdoing; the hedge fund said it was "pleased to resolve this matter."
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…