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Tag Archives: NFA Election

NFA Election – Ernest Jaffarian reply to statements of James Koutoulas and John Roe Blog

From Ernest Jaffarian: I find it necessary to speak to a number of mischaracterizations regarding the service of Doug Bry and myself on the NFA Board. It was Doug Bry who originally suggested to me in 2011 that I pursue election to the NFA Board.  He did so out of a deep concern for the needs of CTAs and their clients in the wake of MF Global.  When the nominating committee chose to nominate the incumbent to a non-contested position on the ballot, he encouraged me to petition to be added to the ballot.  It was then that I encouraged…

JLN Managed Futures: AlphaMetrix settles with Commodities Futures Trading Commission; CTAs exit drawdown, setting new high watermarks in November 2014; Man Group Buys Merrill Lynch’s $1.2 Billion Fund of Hedge Funds Managed Futures,Newsletter

Observations/Commentary AlphaMetrix settles with Commodities Futures Trading Commission By Lynne Marek, Crain’s Chicago Business The Commodity Futures Trading Commission has reached a settlement with former futures fund manager AlphaMetrix that requires the defunct company to pay $5.6 million, though it’s unlikely that payment will ever be made in full. The agreement was filed yesterday in the U.S. District Court for the Northern District of Illinois in Chicago and a hearing on it is scheduled for Dec. 16. It calls for AlphaMetrix to pay restitution of $2.8 million, plus interest, and a civil monetary penalty of $2.8 million. While there would…

Brendan Kalb, Candidate for the NFA’s Board of Directors as CTA/CPO Representative Blog,Regulation

NFA

Brendan Kalb of AQR Capital Management LLC is running for the NFA Board of Directors again. Last time he was matched up against rogue incumbent Douglas Bry. This time his opponent is another rogue incumbent CTA/CPO board member John Roe. Last spring the NFA Board of Directors created a new CTA/CPO position and appointed Adam Cooper of Citadel to the spot. Cooper had been a candidate last year running against Ernest Jaffarian. This time around, Cooper has no opposition as a CTA/CPO in the top 5% of assets under management. Kalb, who represents the largest CPO in the industry was…