Cayman court finds two hedge fund directors negligent
A Cayman Islands court has found two directors of a failed hedge fund guilty of "wilful neglect".
Regulation
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FSA brings High Court injunction in market manipulation case
The FSA has obtained an interim High Court injunction in an ongoing market manipulation case.
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PA ANALYSIS: RDR could limit advice not increase it
Advised sales are falling and with RDR still to come this proportion could continue to fall.
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IFA outsourcing to rise ahead of RDR start
IFAs are expected to increase outsourcing client portfolios to discretionary managers ahead of RDR
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Ucits KIIDS deadline passes while concerns remain
From 1 July, all new funds domiciled in Europe are required to give investors a KIID.
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Three charged over £10m alleged ‘ponzi’ scheme
Three individuals have appeared before a UK Magistrates Court in response to a summons.
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Germany weakens resistance to introduction of a eurobond
Germany is said to be waivering in its opposition to a eurobond to spread the region’s debt.
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FSA plans for orderly wind-up of investment houses
Investment firms need a Recovery & Resolution Plan to allow any wind down at no cost to the taxpayer
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The death knell for fund supermarkets?
Dennis Hall identifies the winners and losers from the FSA’s latest platforms paper.
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PA ANALYSIS: Fund groups tough it out getting down with the KIIDs
Ucits funds may be a roaring success, yet groups face an uphill battle keeping their KIIDs in line.