Monday, 20 October 2014
Last updated 9 hours ago
Jan 13 2006 | 9:01pm ET
Anthony Giordano of Boca Raton, Fla. has pleaded guilty to federal securities and wire fraud charges in connection with a hedge fund fraud and stock manipulation scheme, according to a statement by the U.S. Attorney's office.
Joseph Zumwalt, a co-defendant in the case, has pleaded guilty to mail fraud.
The two defendants admitted to regulators that they told investors —including two religious organizations — that they would invest their money in a hedge fund run by Fort Lauderdale-based EPG Limited Partners. However, instead of investing the money Giordano used investors' money for personal gain, the attorney's office said.
In an unrelated matter, Giordano admitted that he manipulated the stock price of Weida Communications.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...