Tuesday, 30 September 2014
Last updated 1 hour ago
May 10 2010 | 3:46pm ET
A former trader with hedge fund AKO Capital will stand trial on insider-trading charges, a court has ruled.
The City of Westminster Magistrates’ Court has sent the case of Anjam Ahmad to trial. Ahmad, who was arrested in January, has been charged with conspiracy to commit insider-trading by the U.K. Financial Services Authority.
According to the FSA, Ahmad, an execution trader at AKO before his departure in September, traded 22 different stocks based on confidential information last summer. If convicted, he faces up to seven years in prison.
Two other men were arrested with Ahmad, neither of whom have yet been charged. London-based AKO has distanced itself from its former employee, saying that the charges relate to Ahmad’s personal trading and that the hedge fund has not been the subject of an investigation or any allegations.
Ahmad himself has yet to enter a plea. He remains free on bail, pending a hearing next week.
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...