Wednesday, 1 October 2014
Last updated 10 hours ago
Dec 21 2011 | 2:09am ET
Amaranth Advisors' settlement of a class-action lawsuit has been approved by a federal judge.
The collapsed hedge fund will pay $77.1 million to end the lawsuit, accusing it of market manipulation. The pact was approved on Dec. 15 by U.S. District Judge Shira Scheindlin, with a hearing on final approval scheduled for March 27.
Amaranth imploded in 2006 after losing $6.6 billion in the natural gas markets. The firm had already settled with the Commodity Futures Trading Commission.
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...