Wednesday, 1 October 2014
Last updated 10 hours ago
Mar 31 2010 | 2:30am ET
A Florida hedge fund manager has been cleared in a 2006 boating accident that left two college students dead.
Miami-Dade County prosecutors have determined that the Biscayne Bay collision was a “tragic, unfortunate and horrible accident.” They dropped a misdemeanor charge of violating navigational rules against the hedge fund manager, Roland Desrochers.
Desrochers’ boat, the Intrepid, collided with a three-boat flotilla. Florida International University students James Noel and Monica Burguera were killed. Noel had rented six boats for his friends to celebrate his birthday and was on one that died, which was being towed back to the rental company, Club Nautico. The towing boat also stopped to pick up another disabled boat that it came across.
Prosecutors determined that “the lack of lights on behalf of the tow flotilla of boats was a major contributing factor to the accident.”
Both Desrochers and Club Nautico have settled civil suits with the victims’ families.
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...