Closer Supervision of Hedge Funds Treasury secretary Ed Balls is to discuss closer scrutiny of hedge funds with EU counterparts, concern at exposure of banks through derivatives markets, particular need for cooperation of regulators across markets 24.04.07 Guardian, Banking Law, Capital Markets
Bank Favours Hedge Fund Code Early talks between hedge funds and Bank of England focus on 'light touch' self-regulation, Bank wants better governance but not at expense of losing industry to another jurisdiction 08.01.07 Guardian, Capital Markets
Takeover Code The Takeover Code has been amended to require certain dealings in options and derivatives related to target shares to be disclosed to the market in the same way as dealings in actual shares 18.11.05 Law Now, Capital Markets Links
Derivates Regulation CESR and CFTC propose to set up the Work Programme to facilitate the conduct and supervision of transatlantic derivatives business. The Work Programme will assist in highlighting issues preventing such trading 24.07.05 Law Now, Capital Markets Links, Financial Services Links
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Nine Arrests in Insider Dealing Swoop Mitchel S. Guttenberg, working at UBS, gave tips about stock grades to Erik R. Franklin, who ran Lyford Cay, a hedge fund at Bear Stearns, in return for cash, nine arrested in joint SEC and FBI raids, four more pleading guilty to inside trading charges, largest since Ivan Boesky in 1980s 02.03.07 NY Times, Capital Markets, Inside Trading
Jabre to Challenge FSA Fine Hedge fund manager Philippe Jabre begins challenge to FSA fine today, also challenge to FSA jurisdiction in seeking ban order, FSMT found him guilty of insider trading, using information from corporate bond briefings to trade equities 10.07.06 Telegraph, Capital Markets, Inside Trading
GLG Inside Trades Philippe Jabre is taking leave from hedge fund firm GLG Partners to focus on defending himself in FSA inquiry into trades based on inside information on convertible bonds 09.12.05 Telegraph, Capital Markets, Financial Services
Market Timing Millennium Partners and senior executives, including Israel Englander, are to pay $180m in civil penalties over market timing charges, NY att-gen Spitzer holds up case to show principle of investor restitution 02.12.05 Associated Press, Capital Markets, Market Timing
Hedge Fund Fraud Clark Hodgson, receiver to Philadelphia Alternative Asset Management (PAAM), says Thomas Gilmartin at London's Man Financial hid money on behalf of Paul Eustace, wants discovery of documents 14.11.05 Guardian, Capital Markets Links
