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

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note