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

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat