Thursday, 2 October 2014
Last updated 1 hour ago
Nov 10 2010 | 11:05am ET
Alaska Air Group and CEO William Ayer are cooperating with the Securities and Exchange Commission in an investigation into whether Ayer passed insider information on to a hedge fund.
In a filing last week, the airline said it and Ayer were "cooperating voluntarily" with the SEC. The regulator believes that Ayer, who is also the chairman of Puget Energy, may have given confidential information about Puget's 2008 buyout to hedge fund Donald Smith & Co.
Both Donald Smith and Ayer deny any wrongdoing, and neither have been charged in the case.
Donald Smith doubled its stake in the Washington state utility just before the announcement of its buyout. Ayer served on the company's board at the time. Donald Smith said it boosted its stake "only after the stock collapsed to a valuation level that we considered attractive based on our in-depth research."
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...