Tuesday, 30 September 2014
Last updated 3 hours ago
Nov 28 2011 | 10:29am ET
A Knoxville, Tenn. man has been found guilty of running a fake hedge fund scheme while under house arrest for an earlier fraud conviction.
Jon Edward Hankins was sentenced last week to more than three years in prison for wire fraud by U.S. District Judge Amy Totenberg. Sentence was passed in Atlanta.
Prosecutors said Hankins was trying to lure investors into putting money into his fraudulent hedge fund while serving the home confinement portion of a federal prison sentence for securities fraud two years ago. The earlier scheme had involved a website, fake brochures and other documents.
Hankins claimed to manage over $100 million in two of his funds, but in reality managed nothing like that.
AP reports more than $200,000 was recovered and returned to victims.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...