Saturday, 29 November 2014
Last updated 21 hours ago
May 1 2007 | 1:50pm ET
Hakan Yalincak, the former New York University student whose primary extracurricular activity was running a hedge fund scam, says he needs more time before going to prison for a three-and-a-half year term. Why? Well, he says he may have suffered a stroke.
Yalincak asked a federal judge in New Haven, Conn., to grant him 30 more days before he reports to prison, currently scheduled for next week, according to the Associated Press. Apparently, an extra month should cure all that ails the 22-year-old, including droopy eye and the possible stroke.
In addition to prison time, Yalincak was ordered to pay more than $4 million in restitution last month.
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...