Thursday, 2 October 2014
Last updated 37 min 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.
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...