Saturday, 30 August 2014
Last updated 1 day ago
Oct 11 2011 | 11:47am ET
A father should spend no time in jail for passing confidential tips on to his hedge fund manager son, a probation officer recommended.
H. Clayton Peterson, who is to be sentenced today in New York federal court, should receive two years in prison and three months house arrest, the probation officer wrote, according to a court filing by his lawyers.
Peterson pleaded guilty in August to tipping his son, Drew, who worked at Private Capital Management, about the impending acquisition of Mariner Energy, on whose board he sat. Drew, in turn, tipped off a Denver hedge fund manager, believed to by Big 5 Asset Management founder Bo Brownstein.
Drew Peterson has also pleaded guilty in the case, while Brownstein is reportedly in talks with prosecutors.
Clayton Peterson's plea deal calls for a sentence of up to 18 months in prison, half of which could be served as house arrest.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...