Sunday, 31 August 2014
Last updated 1 day ago
Jan 27 2010 | 3:44am ET
A co-founder of hedge fund New Castle Partners seems to have reach a plea deal with prosecutors for his role in the alleged Galleon Group insider-trading circle.
Mark Kurland has agreed to be charged in a criminal information, which likely means he will waive indictment and plead guilty, federal prosecutors said in a court filing yesterday. Kurland is scheduled to appear in court this afternoon.
Kurland’s plea is no surprise: Prosecutors said on Jan. 15 that they were “in the process of finalizing a plea agreement” with him. He would be the eighth person—of the 21 charged—to plead guilty in the case.
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...