Thursday, 2 October 2014
Last updated 41 min ago
Apr 29 2011 | 4:29pm ET
Galleon Group founder Raj Rajaratnam will be a free man for at least one more weekend, after jurors failed to reach a verdict today, their fifth day of deliberations.The jury deliberated for three hours today before breaking for the weekend. The shortened session was due to juror commitments.
For the second straight day, jurors submitted no notes to the judge and asked to review no evidence. During their first three days of deliberations, jurors sought documents presented by the defense and listened to 15 of the 45 wiretaps played during the case.
Jurors will return to court on Monday to continue their debate on Rajaratnam's fate. Rajaratnam faces 14 counts of securities fraud and conspiracy and faces decades 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…
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...