Tuesday, 2 September 2014
Last updated 8 hours 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.
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 ...