Wednesday, 22 October 2014
Last updated 11 min ago
Feb 24 2011 | 10:42am ET
Winifed Jiau, the former expert-network consultant and one of a dozen people charged in the U.S. Justice Department's massive insider-trading investigation, has pleaded not guilty.
Jiau, the seventh person arrested in the case, is charged with conspiracy and securities fraud and faces more than 20 years in prison if convicted. She is accused of passing confidential information about at least two companies to two hedge fund employees. One of those men, Noah Freeman, a former portfolio manager at SAC Capital Advisors, Sonar Capital Management and Brookside Capital, has already pleaded guilty in the case and is cooperating with prosecutors.
Jiau was arrested in late December and has been jailed since then. She may remain there: Jiau failed to post the $250,000 bail set for her at the time of her arrest, and U.S. District Judge Robert Patterson in New York yesterday raised that figure to more than $500,000.
Prosecutors had argued that Jiau, a dual U.S.-Taiwanese citizen, should be held without bail.
Jiau worked for expert-networking firm Primary Global Research, and is one of eight people with ties to that firm to be arrested or charged in the case.
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 ...