Wednesday, 1 October 2014
Last updated 14 hours ago
Jul 21 2011 | 11:36am ET
Roman Lyniuk will never be a hedge fund manager again, but he won't pay for his alleged crimes in the strictest sense of the term.
The Securities and Exchange Commission has waived the $5.2 million fine it planned to impose on the Atlantis Capital Management founder. Lyniuk was found to have defrauded investors by providing misleading performance results and by paying himself and his friends while investors waited for their redemptions.
Lyniuk's fine was waived based on statements he made and documents he submitted to the SEC, though it is unclear what that evidence showed.
Lyniuk has been barred from the investment industry.
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...