Saturday, 20 December 2014
Last updated 12 hours ago
Aug 29 2014 | 8:19am ET
York Capital Management is under investigation for the allegedly illicit naked short sale of a Spanish bank.
Spanish regulators notified York’s London office that it was looking into its May 2013 short of Bankia in advance of its government bailout. If the Comision Nacional del Mercado de Valores files civil charges against the hedge fund, they’ll be among the first under the European Union’s 2012 short-selling restrictions.
The CNMV is looking into whether York failed to cover its Bankia position “in a timely manner,” as required by those new rules.
York has said that the trades were reviewed by its compliance department and others, and said that circumstances outside of its control were to blame for the late delivery of shares.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.