Thursday, 2 October 2014
Last updated 22 min ago
Aug 1 2011 | 12:37pm ET
Russia plans to retaliate against the United States for the latter's decision to bar 60 officials linked to the death in 2009 of hedge fund lawyer Sergei Magnitsky from entering the U.S.
Russian President Dmitri Medvedev has ordered Russia's Foreign Affairs Ministry to create a list of Americans who will be denied Russian visas. It is unclear when those restrictions will come down or who they will cover, but a spokesman for Medvedev said they would be "analogous to those announced by the State Dept."
Russia is investigating the death of Magnitsky following a report that he was tortured and beaten to death. Magnitsky spent about a year in Moscow's most notorious prisons on tax evasion charges after he accused Russian Interior Ministry officials of defrauding his employer, Hermitage Capital Management.
Medvedev's response to the Magnitsky case is being widely monitored as a barometer of his claims to be clamping down on official corruption in Russia. At the same time, he and other Russian officials say that moves like that taken by the U.S. are infringements on Russian sovereignty.
"The U.S. decision is insulting," Leonid Slutsky, a top member of Russia's parliament, the Duma, told The Wall Street Journal. "We will respond firmly, but cautiously."
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...