Thursday, 28 August 2014
Last updated 7 hours ago
Apr 19 2010 | 4:53am ET
The seven men arrested last month around London on suspicion of insider trading, including Moore Capital Management trader Julian Rifat, have struck deals to unfreeze their assets.
Two of the seven agreed to collateral payments of about £4 million, with the rest agreeing to put up property assets of up to £1 million each, The Telegraph reports. The men had been limited to £300 per week, or about US$450, and the freeze had extended to their homes and cars.
It is unclear whether Rifat, one of the six people questioned in the case to have been identified, had to pay £1 million or £4 million. He has been placed on administrative leave from Moore, where he worked in London.
The judge overseeing the case is believed to have twice turned down collateral offers before accepting terms amenable to both the Financial Services Authority and Serious Organized Crime Agency, who are collaborating on the investigation. The sides have been negotiating for three weeks.
According to the Telegraph, the men have been told they will learn if they’ll face charges within six months.
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 ...