Tuesday, 2 September 2014
Last updated 8 hours ago
Jul 30 2012 | 1:52pm ET
A China-focused hedge fund manager has settled allegations of "wide-ranging" fraud.
Peter Siris and his Guerrilla Capital Management and Hua Mei 21st Century struck a deal with the U.S. Securities and Exchange Commission to end the regulator's probe. The SEC had alleged that Siris and his firms broke a raft of securities laws, especially in his dealings with China Yingxia International.
Siris and his firms did not admit or deny wrongdoing, but agreed to pay $1.1 million to settle the allegations, which included illegal short-selling and the sale of unregistered securities.
The settlement comes as the SEC filed charges against five other people and another firm as part of its China Yingxia probe.
Siris is a well-known investor in Chinese stocks listed on Western exchanges, focusing on reverse mergers.
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 ...