Monday, 22 December 2014
Last updated 10 hours ago
Feb 12 2007 | 4:44pm ET
Disgraced hedge fund manager Kirk Wright, who is accused of defrauding clients including National Football League players, sustained a career-ending blow today. A federal judge in Georgia has ordered Wright to pay a total of $19.9 million in disgorgement and civil penalties for falsifying statements about his firm, according to the Securities and Exchange Commission.
In a span of seven years from February 1997 to February 2006, Wright and his firm, International Management Associates, allegedly falsified statements about the amount of his firm's assets and inflated the rates of return for the seven hedge funds under his management.
Wright’s victims included popular current and former National Football League players, who were blindsided to the tune of $20 million.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.