Tuesday, 30 September 2014
Last updated 5 hours ago
Dec 17 2009 | 12:25pm ET
The government’s star witness against Galleon Group founder Raj Rajaratnam has pleaded guilty for the second time to insider-trading.
Khan, who previously admitted to trading on confidential information in 2002, had her guilty plea accepted by a federal judge in New York today, nearly two months after she entered it. She is cooperating with investigators in the insider-trading probe that has snagged Rajaratnam and 20 others. Rajaratnam and one of his co-defendants, former New Castle Partners executive Danielle Chiesi, were formally indicted on Tuesday for their roles in the $20 million trading ring.
Both Rajaratnam and Chiesi have proclaimed their innocence.
Khan is a former Intel analyst and Galleon employee.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...