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Hedge fund to shut down several funds

Hedge Fund

Jacob Gottlieb’s Visium Asset Management, the once high-flying hedge fund firm that at its peak managed $8bn, is shutting down four of its remaining hedge funds after one of its star managers was arrested and accused of insider trading.

Bank of England aims to boost fintech sector

Mark Carney

The Bank of England plans to encourage innovation in financial technology by collaborating with companies who are designing innovative payment systems and cyber security, to further build on Bitcoin’s blockchain concept.



SEC Building

Ernst & Young agrees $9.3m settlement with SEC

The Securities and Exchange Commission has announced that public accounting firm Ernst & Young has agreed to pay $9.3m to settle charges that two of the firm’s audit partners got too close to their clients on a personal level and violated rules that ensure firms maintain their objectivity and impartiality during audits.