Tuesday, 21 October 2014
Last updated 11 hours ago
Sep 16 2010 | 1:43pm ET
A government informant in the Galleon Group insider-trading case has settled charges that he was trading on confidential information long before he wore a wire.
David Slaine agreed to pay $836,385 in disgorgements of illegal profits to settle the Securities and Exchange Commission case. The SEC sued Slaine in February, after his December guilty plea on seven-year-old insider-trading charges. Slaine admitted to trading on non-public information while at Chelsey Capital in 2002.
Slaine previously agreed to forfeit $532,287 as part of his guilty plea, a sum that will go towards his SEC settlement. He still faces up to 25 years in prison when he is sentenced.
Slaine wore a wire that produced some of the wiretaps at the heart of the government’s case against Galleon founder Raj Rajaratnam and the 20 others ensnared in the scheme.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...