Monday, 20 October 2014
Last updated 2 days ago
Nov 24 2010 | 5:03am ET
A 24-year-old Connecticut man has been charged with ripping off two people by claiming to work for a hedge fund that does not exist.
Mark Traisman convinced a 26-year-old to invest $30,000 with him, according to Stamford police. He allegedly told the man that he worked for a hedge fund called RPR International, promising monthly returns of $7,000 to $8,000—a tidy 23% a month.
Traisman's victim withdrew $33,600 from a joint account he held with his mother. To facilitate the alleged larceny, Traisman forged the mother's signature, according to police, earning himself a forgery count, as well.
The alleged victim never saw the money again, police say. They also say that RPR International doesn't exist.
After being booked by Stamford police, Traisman was shipped to Wilton to be charged with larceny for a separate crime. He faces up to 20 years in prison if convicted.
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 ...