Wednesday, 22 October 2014
Last updated 16 hours ago
Oct 7 2011 | 10:40am ET
A former hedge funder has pleaded guilty—without admitting guilt—to participating in a kidnapping and robbery.
Zeno Daigre, who worked at an unidentified Hartford, Conn., hedge fund, was identified by the manager of the check-cashing business ripped off on July 9, 2008. The manager received a call on that day from her mother, who had been kidnapped by a man with a gun as she got into her car. The man, whom the mother never saw, ordered her to call her daughter.
The man then took the phone and ordered the daughter to empty the safe into a bag. She did, and, prosecutors say, Daigre showed up several minutes later to pick up the bag.
The manager's mother was then dropped off, unharmed.
"She had seen the gun and was unable to focus on anything but the gun at that point," prosecutor Anthony Bochicchio said.
Daigre pleaded guilty to conspiracy to commit first-degree kidnapping with an Alford plea, under which a defendant does not admit guilt, but instead acknowledges that there is enough evidence to convict him.
Daigre will be sentenced on Nov. 30.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...