Monday, 29 December 2014
Last updated 26 min ago
Sep 1 2011 | 12:01pm ET
Diamondback Capital Partners and a former hedge fund manager at the firm have settled Securities and Exchange Commission charges stemming from insider-trading allegations against the latter.
Greenwich, Conn.-based Diamondback, which says it was never accused of any wrongdoing, agreed to pay $1 million in illegal profits it earned on Anthony Scolaro's trades. Scolaro pleaded guilty last year to participating in the Galleon Group insider-trading ring; that guilty plea led to Diamondback's offices being raided by the Federal Bureau of Investigation in November.
That raid, in turn, has contributed to more than $1 billion in redemption requests.
Scolaro settled the civil charges against him for $203,400.
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.