Thursday, 2 October 2014
Last updated 14 hours ago
Apr 29 2010 | 8:14pm ET
Twenty-one people have been charged in the Galleon Group insider-trading case. Two others may soon join them, according to a court decision this week.
“Covert investigations” of two people continue in the case, U.S. District Judge Richard Holwell wrote in a decision rejecting Galleon founder Raj Rajaratnam’s move to obtain unredacted interview transcripts with Roomy Khan, a former Galleon trader and a key witness for the prosecution.
The redacted sections of the Khan interviews include information “related to ongoing covert investigations involving two individuals occasionally mentioned in the Khan documents.” The identities of the two are unclear, as is whether there are other covert probes ongoing into others.
But one of the redacted names appears to have something to do with Akamai Technologies, one of the 22 companies Rajaratnam is alleged to have traded illegally. Akamai CEO Paul Sagan says that individual has left the company and “was not an executive,” Reuters reports.
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...