Wednesday, 17 September 2014
Last updated 20 min ago
Sep 12 2011 | 12:28pm ET
An expert-network consultant convicted of passing confidential information to hedge fund clients of Primary Global Research doesn't want to spend any more than six months behind bars for his crimes.
Manosha Karunatilaka asked for a six month prison sentence and an equal spell of house arrest. His letter to U.S. District Judge Jed Rakoff, who will sentence him on Thursday, follows a request from prosecutors seeking as much as four years in prison for the former Taiwan Semiconductor Manufacturing manager.
"I am a good person that made a terrible mistake and fell from grace," Karunatilaka wrote. He received about $35,000 for passing tips to Primary Global clients, he admitted in May. One hedge fund receiving the tips made about $1.7 million.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
There are two things currency analysts agree on: Currencies have never gone through such a period of low volatility and the dollar must lead the sector out of the current malaise.