Sunday, 23 November 2014
Last updated 1 day ago
Sep 17 2013 | 11:29am ET
The U.S. Securities and Exchange Commission is taking its new hedge-fund examinations on the road.
The regulator plans to inspect more than a dozen SEC-registered hedge funds in London this week, The New York Times reports. The overseas visits are authorized by the Dodd-Frank financial reform law.
In advance of its inspectors' arrivals, the SEC has asked several London hedge funds for a large amount of information, including personal trading records, e-mails and instant messages.
While none of the hedge funds to be visited are suspected of any wrongdoing, they are being targeted for a reason: The SEC is singling out firms with a high number of retail investors, those it fears may not be complying with U.S. rules and those employing managers who have worked at funds with compliance issues in the past.
The sweep is striking some fear in Mayfair. Indeed, one British hedge fund is mulling the closing of its European event-driven strategy to avoid getting caught up in the sweep.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...