Sometimes it pays to fight City Hall especially when there’s a new City Hall. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) – now both under the control of the Trump administration — last week extended a controversial compliance date for the amendments to Form PF from March 12, 2025,… Read More >>
Macro Hedge Fund Maniyar Capital to Close
Hedge fund Maniyar Capital Advisors, based in London, England, is shutting down and has begun alerting its investors that they will have their redemptions by October 1 of this year, according to a Bloomberg report and an industry source. On its website, the firm describes itself as “an investment management firm focused on discretionary macro… Read More >>
The SEC Wants More Reporting via Form PF
A regulatory change of importance got lost in the avalanche of news that we deal with every day — the SEC is adopting amendments to Form PF, the confidential reporting form launched 12 years ago for hedge funds and private equity funds. “Currently, advisers to private funds file Form PF on a quarterly or annual… Read More >>
Form PF Gets an Overhaul via the SEC & CFTC
Form PF is experiencing growing pains after its first decade. Those firms that are required to use Form PF to report confidential information on private funds will be providing many more details if key amendments are ultimately adopted by both the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) The new… Read More >>
Are Manual Systems Too Costly for Hedge Funds?
Hedge funds are paying a high price for manual processes and legacy IT infrastructures, according to new analysis from TradingScreen, a provider of software-as-a-service (SaaS) offerings for transaction processing. The research indicates that hedge funds “are absorbing a punishing $8 million annual hit to their assets under management (AUM) due to high levels of manual… Read More >>
OCIE Warns Private Funds Against Conflicts, Hidden Fees
A recent Risk Alert issued by the SEC’s Office of Compliance Inspections and Examinations (OCIE) has found “deficiencies” and possible conflicts of interest in the actions of private equity and hedge fund advisors that might have “caused investors in private funds … to pay more in fees and expenses than they should have or resulted… Read More >>
Should Hedge Funds Skip the Paycheck Protection Program?
In yet another sign of these pandemic times, the U.S. Congress has passed an act launching a $349 billion emergency loan program — the Paycheck Protection Program (PPP) — that operates through the Small Business Administration. Under the federal program, “most businesses with 500 employees or fewer are eligible for two-year loans with a 1%… Read More >>
Regulators Move to Refine Volcker Rule Requirements
Federal regulators overseeing financial markets are taking major steps to refine the Dodd-Frank Act’s Volcker Rule restricting proprietary trading so that it has a narrower focus. Since the recovery from the Great Recession, the rule, inspired by Paul Volcker, the former chairman of the U.S. Federal Reserve, has held back banks from proprietary trading and… Read More >>
Raymond James Launches Customizable Algo Platform
Raymond James Financial has launched a new algorithmic trading platform, dubbed Raymond James Electronic Trading (RJET), that targets more than 1,000 institutional clients, including buy-side firms, hedge funds, and long only funds, officials say. “Equity trading continues to shift toward electronic channels, especially in the wake of unbundling among some of the largest asset managers… Read More >>
CME Group Launches Data Insights for Hedge Funds
Benchmarking Tool Debuts for Hedge Funds & Others CME Group, a provider of derivatives marketplaces, reports the launch of ENSO Data Insights, which it characterizes as “a benchmarking tool which leverages ENSO’s alternative data set to help customers make more informed investment decisions.” ENSO Data Insights “provides hedge funds, asset managers and banks … access to… Read More >>
