The UK Financial Services Authority (FSA) has fined Italian hedge fund manager Alberto Micalizzi £3m and banned him from performing any role in regulated financial services.
The UK’s Financial Services Authority (FSA) has fined Credit Suisse UK £5.95m for systems and controls failings in relation to sales by its private bank of structured capital at risk products known as Scarps.
The UK’s Financial Services Authority (FSA) chief executive, Hector Sants, met US Securities and Exchange Commission (SEC) chairman Mary L Schapiro on Thursday as part of regular six-monthly meetings under a strategic dialogue established in 2006.
Hedge fund manager Guillame Rambourg is said to be launching a Paris-based hedge fund, but French regulatory body the AMF has not yet received an application for the fund’s approval.
Jonathan Boyd rounds up the best news and analysis from Investmenteurope.net.
Castlestone has confirmed it will wind down its UK business and axe a number of jobs.
UK retail investors may be unaware that fund managers can lend out their investments as part of a stock lending programme
The UK regulator, the Financial Services Authority (FSA) has obtained an interim High Court injunction preventing a number of companies and individuals from manipulating the market in UK-listed shares. The injunction also freezes the assets of the companies.
A decision by UK regulator the Financial Services Authority to ban and fine the chief executive and chief financial officer of a hedge fund manager on grounds of deceiving investors has been upheld by the Upper Tribunal.
The Financial Services Authority (FSA) has agreed to sell its approved reporting mechanism known as the Transaction Reporting System (TRS) to the London Stock Exchange for £15m. The sale must be approved by the Office of Fair Trading.
Britain’s financial regulator says the low footprint hedge funds have in most capital markets means overall they pose a low systemic risk, but it has warned of a greater influence by the industry in areas such as convertible bonds and commodity and rates derivatives.
More than half of UK absolute return funds fail to beat inflation