Legal

Ethics begins by asking yourself if you would want to read it in the newspapers

Despite the admission of guilt by SAC Capital and a record $1.2 billion penalty the firm has paid to US regulators, the challenges facing the embattled hedge fund firm are far from over.

Posted on: 11 Nov, 2013
Posted in: Legal

Why corporations break butterflies on wheels

Inevitably, most industry coverage has in the last week focused on the developments at SAC Capital.

Posted on: 02 Sep, 2013
Posted in: Legal

Investors heightening ODD on manager compliance post-SAC Capital, says Seward & Kissel

Institutional investors are likely to heighten their already rigorous operational due diligence and analysis on hedge funds’ compliance policies in light of the SAC Capital indictment, a lawyer from Seward & Kissel has warned.

Posted on: 30 Jul, 2013
Posted in: Legal

SAC Capital: What now for hedge funds?

The on-going soap opera that is SAC Capital shows no sign of abating.

Posted on: 26 Jul, 2013
Posted in: Legal

Some lessons from SAC Capital

A panel discussion held in the Cayman Islands earlier this year on the topic of insider trading was telling.

Posted on: 05 Jun, 2013
Posted in: Legal

DMS seeks judicial review challenging CIMA governance reform consultation

A subsidiary of DMS, the Cayman-based professional services firm, has sought a judicial review in the Grand Court of Cayman challenging the Cayman Islands Monetary Authority's (CIMA) reform consultation on corporate governance.

Posted on: 24 Apr, 2013
Posted in: Legal

Assistant US attorney warns hedge funds on political intelligence firms

Political intelligence firms are likely to face similar regulatory scrutiny to expert networks amid concerns financial institutions could be profiting off insider information from these organisations, the assistant US attorney at the US attorney’s

Posted on: 22 Apr, 2013
Posted in: Legal

SAC fine serves as warning to hedge funds on compliance, says IMS

The $614 million fine doled out to SAC Capital by the SEC should serve as a warning to hedge funds on the risks of insider trading, as well as ensuring they maintain strict controls and compliance frameworks in regards to their research processes,

Posted on: 22 Mar, 2013
Posted in: Legal

Allen & Overy warns hedge funds on use of political intelligence firms

Hedge funds using political intelligence firms have been advised to bolster their compliance standards in light of growing SEC and US congressional interest in these organisations, a top lawyer at Allen & Overy has warned.

Posted on: 28 Jan, 2013
Posted in: Legal

Hedge funds could be hit by new US AML requirements later this year

Proposals by the Financial Crimes Enforcement Network (FinCEN), a US Treasury department, to force investment advisors, which include hedge funds, to supply suspicious activity reports, are likely to be put forward later this year.

Posted on: 10 Jan, 2013
Posted in: Legal

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