Baml admits to misleading investors over trading practices

$42m settlement reached in electronic trading services fraud investigation

Monarch promotes Bill McSorley to chief information officer

Agim Lolovic replaces McSorley as CTO at New York-based distressed debt firm

DE Shaw raises close to $300m for new Alkali funds

Firm launches fourth vintage of niche credit-focused vehicles

Privium taps Williams Trading partner to grow business

Stephen Bond joins London office of AIFM provider from equities trading firm

News round-up: SEC to open crypto fund probe

Och Ziff marketing boss joins Coatue; JPM looks to spin out blackchain arm; and more…

CQS hires ex-Man Group MD to lead global distribution strategy

Spencer Rhodes to sit on executive committee of Michael Hintze’s $15.3bn firm

Australian HF vets to launch Asia-focused l/s fund

Team sets up Sydney-based fund management business LSL Partners

Garda Capital Partners taps Barclays director

Dan McCloskey joins Jeff Drobny’s fixed income hedge fund in Geneva

LMR Partners taps JP Morgan, Goldman traders for PM roles

Philipp Mundorf and Sahil Manocha joined Ben Levine’s hedge fund this month

News round-up: Och-Ziff global commodities head preps new firm with Millennium

John Paulson returns investor capital from gold, special situations funds; Bloomberg and Reuters lose market share to smaller rivals; and more

Morgan Stanley remains top of PB ranking in 2017 Coalition report

JP Morgan rises to tie with Morgan Stanley in equities overall

Abberton Capital business development chief departs

Morten Bentsen leaves event-driven firm along with two analysts

Albourne Partners creates ESG ratings for HFs

Managers incorporating considerations into investment process classed as early-stage, engaged or advanced

GAM Systematic business development head departs

Genia Diamond is first former Cantab partner to leave since GAM acquisition

News round-up: Starboard’s Newell board nominees exit as Icahn joins

RBS Partners reduces position in lagging Sears Reit; China appoints new head of banking, insurance; and more

Lighthouse backs ex-BlueCrest quant PM’s start-up

Alidod Shirinbekov launches Systematic Quantitative Strategies Partners

Credit Suisse cap intro head Robert Leonard to depart after 15 years

Three longtime equities MDs are also among departures 

Coatue experiments with quant in new fund

Philippe Laffont’s firm has launched a new systematic strategy