Saturday, 28 November 2015
Last updated 6 hours ago
Sep 30 2008 | 6:31pm ET
Prime brokerage firm Merlin Securities is trying to stay one step ahead of its peers by creating a platform that will allow its hedge fund clients to fulfill the new requirements for reporting on short positions.
"At the push of a button, Merlin's clients are now able to pull together all of the data required to complete SEC Form SH," said Aaron Vermut, senior partner and chief operating officer of Merlin.
"In a time of difficult market conditions, we felt that the last thing our clients needed was to learn a new reporting requirement, so we worked quickly to design a solution that would make the process as simple and straightforward as possible. This new reporting tool continues our commitment to providing our single- and multi-primed hedge fund clients with timely and effective technology."
Two weeks ago, the Securities and Exchange Commission barred outright short-selling in nearly 800 financial stocks. The regulator subsequently loosened some of those restrictions, and added a two-week delay in making public hedge funds’ short positions. Hedge funds and other money managers still have to report their positions to the regulator the first Monday following the trade.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…