Thursday, 25 December 2014
Last updated 1 day ago
May 3 2010 | 12:04pm ET
In between his full-throated defense of his buddies at Goldman Sachs and his optimistic statements on the U.S. economy, Warren Buffett offered investors another bit of assurance: He hasn’t heard from the authorities about his investment in Goldman—an investment that Galleon Group founder Raj Rajaratnam was allegedly tipped off about.
At Berkshire Hathaway’s annual meeting this weekend, the Oracle of Omaha said he has not been contacted by federal investigators or the Securities and Exchange Commission, both of which are pursuing cases against Rajaratnam and others in what has been called the largest insider-trading case in U.S. history.
Last month, prosecutors told Rajaratnam’s legal team that Goldman Sachs had been added to the list of stocks he is accused of trading illegally. According to reports, former McKinsey & Co. head and outgoing Goldman director Rajat Gupta passed on word about Berkshire’s impending $5 billion investment in Goldman prior to its public announcement in September 2008.
Gupta has not been charged with, and denies, any wrongdoing.
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.