Wednesday, 1 October 2014
Last updated 14 hours ago
Apr 27 2011 | 12:54pm ET
The jurors in the Raj Rajaratnam insider-trading trial spent much of their second day of deliberations listening to the wiretaps at the heart of the government's case against the Galleon Group founder.
The 12 jurors and two alternates adjourned yesterday after seven-and-a-half hours of deliberations without a verdict. They returned to court today to continue considering Rajaratnam's fate.
Jurors asked yesterday to hear nine taped phone calls, including those featuring star prosecution witnesses Anil Kumar and Rajiv Goel, who claimed to have passed confidential tips to Rajaratnam, and Rajaratnam's brother, Rengan. They also heard a tape of Rajaratnam talking to PeopleSupport director Krish Panu. Neither Panu nor Rajaratnam's brother have been accused of any wrongdoing.
The tapes were played for jurors, who aren't permitted to consult the transcripts of the calls, just before lunch, taking about an hour.
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...