Wednesday, 1 October 2014
Last updated 30 min ago
Jun 7 2011 | 1:30pm ET
A former McKinsey & Co. chief and alleged Raj Rajaratnam tipster has been sued by a Goldman Sachs shareholder.
James Mercer's lawsuit seeks to recover "short-swing" profits Galleon Group founder Rajaratnam made trading Goldman shares. Rajaratnam was convicted last month of insider-trading, including in Goldman shares based on information he allegedly received from Gupta.
Gupta served on Goldman's board of directors. Prosecutors in the Galleon case presented evidence that he passed information about Berkshire Hathaway's planned investment in Goldman.
Gupta is also the subject of a pending Securities and Exchange Commission administrative action.
Mercer's "lawsuit is completely without merit, and we will vigorously defend against it," Gupta's lawyer, Gary Naftalis, said.
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...