Tuesday, 25 November 2014
Last updated 4 min ago
Mar 19 2007 | 10:35am ET
Ayferafet Yalincak, the mother (and co-conspirator) of the New York University student who ran a multi-million dollar hedge fund scam, faces the music today in a New Haven, Conn., federal courtroom, where she’ll be sentenced for her role in the con.
Yalincak pleaded guilty last year to conspiracy to commit wire fraud, and faces about four years in prison. Her son, the now-22-year-old Hakan, will be sentenced later this month, and he could be going to the clink for more than five years.
Following their release from prison, both Yalincaks face another ordeal: possible deportation to Turkey, where Ayferafet’s scheme to ingratiate herself among Greenwich, Conn.’s heavy-hitters is unlikely to be as successful: Prosecutors say she passed herself off as the matriarch of a rich Turkish family.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...