Tuesday, 21 October 2014
Last updated 5 hours ago
Oct 7 2011 | 11:07am ET
A Morgan Stanley banker identified as a source of insider information during Galleon Group founder Raj Rajaratnam's trial earlier this year has been fired.
Kamal Ahmed was let go in May, two months after his name surfaced at Rajaratnam's trial. Morgan Stanley said that Ahmed, who worked in California, was found to have violated its disclosure policies following an internal investigation, the Financial Times reports.
Ahmed was fingered by former Galleon portfolio manager Adam Smith, who testified against Rajaratnam. Smith said he had received confidential information about several companies from Ahmed that he passed along to his boss.
Ahmed has not been charged with any wrongdoing by the authorities.
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 ...