Tuesday, 2 September 2014
Last updated 9 hours ago
Feb 17 2010 | 10:23am ET
Galleon Group founder and accused insider trader Raj Rajaratnam, currently free on $100 million bail, is raising some cash.
The hedge fund billionaire has sold one of the apartments he owns at the ritzy Manhattan co-op 60 Sutton Place South. Rajaratnam bought the 8th-floor apartment just over a year ago for $1.675 million; he sold it for $100,000 less, according to Cityfile.
Rajaratnam also owns an 18th-floor apartment in the building.
Rajaratnam has pleaded not guilty to charges that he ran a $50 million insider-trading scam, one of the largest insider-trading cases ever brought by U.S. authorities. Twenty other individuals have been charged in the case and nine have pleaded guilty.
If convicted, Rajaratnam faces as much as 185 years in prison.
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…
The twin debacles of MF Global and PFG have damaged the reputation of the futures industry demanding an examination of customer protection rules. New rules are being implemented, which will add cost a...