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In Depth: FBI Says Hedge Fund Analyst Made Millions Through Insider Trading

Nov 25 2014 | 7:12am ET

The FBI files spell it out: An analyst at Citadel, the hedge fund with $23 billion in capital invested globally, told agents he made millions of dollars trading on information from a company insider.

It was December 2011, and the Justice Department was deep into a seven-year investigation into illegal stock tips. As authorities homed in on people at several other hedge funds over leaks from a Dell Inc. employee, agents at the Federal Bureau of Investigation began questioning the Citadel analyst about the friendship he formed with the same Dell insider.

 

Latest News

Aviva Shutters Hedge Fund Business, Cuts U.S. Operations

Nov 25 2014 | 5:38pm ET

Aviva Plc, Britain’s second-biggest insurer, said its investment arm plans to exit hedge-fund businesses as it scales back in the U.S.

Appaloosa To Return Up To $4 Billion

Nov 25 2014 | 1:26pm ET

Up or down, great year or bad, Appaloosa Management’s return of capital to investors is becoming an annual event.

Oil Hedge Fund BBL Up 14%

Nov 25 2014 | 1:25pm ET

A former Goldman Sachs trader has bucked his oil-trading peers with some impressive returns this year.

Famed Bear Spitznagel Posting Double-Digit Gains

Nov 25 2014 | 1:24pm ET

The last few years have been tough on market bears, and short-bias hedge funds have been among the worst performers during a rally that’s now strongly into its sixth year. But one noted pessimist has taken it all in stride, it turns out.

Hedge Funds Told To Expect Glencore-Rio Merger

Nov 25 2014 | 1:23pm ET

It may not look promising, but the union of Glencore and Rio Tinto Group is all but certain, a group of hedge funds has been told.

Man Tech. Exec. To BlueBay

Nov 25 2014 | 1:22pm ET

BlueBay Asset Management has snatched Man Group’s technology chief to lead its own such effort.

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In Depth

Q&A: Neil Azous Talks Global Macro Investing

Nov 24 2014 | 12:41pm ET

Neil Azous is the founder and managing member of Rareview Macro, an advisory firm to some of the world’s most influential investors and the publisher of the daily newsletter Sight Beyond Sight. Azous recently sat down with FINalternatives to speak about his latest views on global macro investing.

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Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.