Thursday, 2 October 2014
Last updated 15 hours ago
Jan 19 2010 | 1:54pm ET
Prosecutors are poised to win their eighth guilty plea in the Galleon Group insider-trading case, as a co-founder of hedge fund New Castle Partners nears a plea deal.
The U.S. Attorney’s office said Friday that is was “in the process of finalizing a plea agreement” with Mark Kurland, a partner at New Castle. Kurland is one of two people who worked at New Castle to be charged in the case; the other, former executive Danielle Chiesi, pleaded not guilty to insider-trading charges alongside Galleon founder Raj Rajaratnam last month.
Chiesi worked for Kurland at New Castle.
All told, 21 people have been charged in the alleged insider-trading ring; seven have already struck deals with prosecutors and pleaded guilty.
In addition to the impending deal with Kurland, prosecutors may also be near deals with two others charged in the case, former IBM executive Robert Moffat and former Intel executive Rajiv Goel, Assistant U.S. Attorney Joshua Klein wrote in a court filing. The indictment of all three men has been delayed until Feb. 16.
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...