Saturday, 20 September 2014
Last updated 13 hours ago
Jan 14 2014 | 11:49am ET
The Securities and Exchange Commission has a new strategy for keeping hedge funds in line: holding their compliance officers responsible.
Hedge funds required to register with the regulator are also required to have a chief compliance officer. And, according to Schulte Roth & Zabel's Marc Elovitz, those new CCOs are expected to be doing their jobs.
"The SEC is being much more aggressive in charging compliance officers when there's a compliance failure," Marc Elovitz, a partner at the law firm, told The Wall Street Journal. "It puts compliance officers in hedge funds in the hot seat and puts huge pressure on these firms and their officers to have much better compliance."
Schulte Roth plans to discuss that matter and others related to hedge-fund regulation at its annual conference today.
The SEC brought several administrative proceedings against hedge-fund compliance officers last year, according to the Journal.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.