Thursday, 2 October 2014
Last updated 1 min ago
Sep 13 2010 | 11:14am ET
Robert Moffat, the former IBM executive who pleaded guilty to providing insider information to a defendant in the Galleon Group insider-trading case, will learn today if he’ll spend any time in jail for his crimes.
Moffat will be sentenced in New York today, six months after pleading guilty to conspiracy and securities fraud charges. Prosecutors have asked that he be sentenced to six months in jail, Moffat’s legal team argued that he should receive probation.
Moffat admitted providing confidential information about three companies to Danielle Chiesi, then at hedge fund New Castle Partners. Chiesi is the co-defendant of Galleon founder Raj Rajaratnam and has pleaded not guilty to the charges against her.
Moffat’s lawyers have said Chiesi “played” their client, which whom she was having an affair, for the information, and that Moffat did not profit from the scam. But prosecutors countered that he knew that Chiesi would trade on the confidential information.
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...