Thursday, 18 September 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.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.