Saturday, 22 November 2014
Last updated 1 day ago
Dec 3 2010 | 11:03am ET
Mutual fund giant Janus Capital Group has followed the lead of two hedge funds raided in the government's huge insider-trading probe, announcing that it is not a target of the investigation.
Janus said yesterday that it "has not been accused of any wrongdoing and the government confirmed that Janus is not a target of its investigation into potential insider trading." Janus, along with SAC Capital Advisors and Citadel Investment Group, received a subpoena in the case last week.
Both Diamondback Capital Management and Level Global Investors—two of the three hedge funds whose offices were raided last month—said last week that the government has assured them that they, too, are not targets of the probe. Diamondback did say that the raid was focused on one of its portfolio managers, who has since been put on leave.
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...