Tuesday, 2 September 2014
Last updated 42 min ago
Dec 14 2011 | 8:47am ET
An Indiana hedge fund manager agreed to plead guilty to defrauding investors of more than $7 million.
Samex Partners founder Keenan Hauke struck a plea deal with federal prosecutors, agreeing to plead guilty to one count of securities fraud in exchange for a recommended prison sentence of no more than 17 years. The charge carries a maximum sentence of 25 years.
Hauke’s plea deal still requires a judge’s approval.
According to the case against Hauke, formally filed yesterday, Hauke both covered up huge losses suffered by Samex and diverted investor funds for his own use. Hauke’s misdeeds came to light earlier this year when a former Samex employee blew the whistle to state regulators. Shortly after, the Federal Bureau of Investigation began its own probe.
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 ...