Financial adviser Ira Starr charged with $30m fraud by U.S. (Headlines)
Kenneth Ira Starr, a New York investment adviser who has represented actors including Sylvester Stallone and Wesley Snipes, stole millions of dollars from heiress Rachel ??Bunny? Mellon and other clients in a scheme to buy a $7.5m apartment, prosecutors said.
Shareholder sues GLG over acquisition by Man Group (Fund News)
GLG Partners, the US-listed hedge fund manager that is being acquired by Man Group, is being sued by a shareholder who accuses its management of unfairly gaining from the deal.
The US Senate approved a sweeping overhaul of financial regulation on Thursday evening in a 59-39 vote, potentially forcing big banks into major restructuring.
AIMA concerned over EU Alternative Investment Fund Managers Directive (Press Releases)
Andrew Baker, AIMA CEO, says the association has concerns over the 'impractical and unworkable' proposals in the EU's Alternative Investment Fund Managers Directive (AIFMD).