Saturday, 20 September 2014
Last updated 1 day ago
May 24 2011 | 1:16pm ET
SAC Capital Advisors has met with the congressional investigators looking into possible insider-trading at the hedge fund giant.
The Stamford, Conn.-based firm said it "welcomed the opportunity to meet with the staff and to educate them about the firm and our compliance efforts, and had an entirely appropriate, professional and cordial meeting," MarketWatch reports.
"We will continue to cooperate in any way we can," SAC added.
The firm, which has been tarred by association with several insider-trading scandals and investigations, but which has never been accused of any wrongdoing itself, in currently in the sights of Sen. Charles Grassley (R-Iowa), who is looking into about 20 possible instances of illegal trading by the firm. In addition, congressional investigators are looking into SAC's derivatives trading, and have sought to bring the Justice Department, Financial Industry Regulatory Authority and Securities and Exchange Commission on board.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.