Saturday, 30 August 2014
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."
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...