Ex-Deutsche Bank Hedge Fund ‘Tipster’ Heads To UBS

Jul 21 2010 | 10:53am ET

Fresh from his victory over the Securities and Exchange Commission in a major hedge-fund insider-trading case, derivatives salesman Jon-Paul Rorech has found a new job.

Rorech, who had worked at Deutsche Bank before being charged with passing confidential tips to a Millennium Partners hedge fund manager, will join UBS next month, Dow Jones Newswires reports. He’ll serve as a managing director in the firm’s head fund credit sales department.

Rorech and former Millennium manager Renato Negrin were cleared last month by a federal judge, who ruled that the “inside tip” Rorech provided Negrin was actually public information. It was the SEC’s first insider-trading case involving credit default swaps.

The SEC is reportedly considering an appeal of that verdict.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of