Friday, 29 August 2014
Last updated 13 hours ago
Apr 23 2010 | 11:30am ET
A former private equity executive had pleaded guilty to insider-trading on information he received from his brother-in-law, a former hedge fund executive.
King Chuen Tang admitted both to passing on confidential information as well as receiving it. The former Friedman Fleischer & Lowe CFO said he received—and traded on—insider information about Acxiom Corp. from his brother-in-law, then-ValueAct Capital CFO Ronald Yee. In addition to passing on Yee’s tips about Acxiom, Tang also admitted to passing on a tip of his own about mattress company Tempur-Pedic International.
Tang pleaded guilty to insider trading and conspiracy in San Francisco federal court. He faces up to 25 years in prison when he is sentenced on Sept. 16; until then, he is free on bail.
According to prosecutors, Tang and his circle made about $5.5 million on the illegal trades.
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 ...