Tuesday, 21 October 2014
Last updated 1 hour ago
May 23 2011 | 2:31pm ET
One top U.S. senator is looking into a handful of trades at SAC Capital Advisors to see if he can do what regulators and prosecutors have been unable to: find evidence of insider-trading.
Sen. Charles Grassley (R-Iowa), the ranking minority member of the Senate Judiciary Committee, is looking into "about 20 suspicious instances of trading by SAC Capital," his spokeswoman said. But the Senate isn't stopping there.
Senate investigators are in talks with the Justice Department, Securities and Exchange Commission and Financial Industry Regulatory Authority about widening the probe into options trading by the firm, The Wall Street Journal reports.
FINRA has turned over details from the 20 trades requested by Grassley.
Meanwhile, FOX Business Network Senior Correspondent Charlie Gasparino reports that despite government probes into SAC, the firm is not suffering redemptions, and in fact, it is growing: “They continue to take in assets despite these investigations,” sources told Gasparino, adding that SAC “has raised 1.5 billion dollars since mid 2010” when the probes began.
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 ...