Saturday, 27 December 2014
Last updated 2 days ago
Jul 27 2011 | 9:11am ET
An Australian hedge fund manager has been convicted of fraud and will do hard time.
Shawn Richard was found guilty of two counts of dishonest conduct for his role in the Trio Capital fraud, which cost investors A$180 million. Richard is the former director of Astarra Asset Management and received A$1.3 million in investor cash, a New South Wales court heard.
Richard spent the windfall on himself.
After the verdict, Justice Peter Garling revoked Richard's bail and sent him straight to prison. The fraudster faces up to 10 years in jail when he is sentenced on Aug. 12, and Garling promised that the sentence would include jailtime.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.