Thursday, 23 October 2014
Last updated 8 min ago
Jan 27 2012 | 11:51am ET
Two of the hedge fund managers to plead guilty in the expert-network insider-trading case have been barred from the securities industry.
The Securities and Exchange Commission issued orders forbidding Noah Freeman and Samir Barai from "association with any broker, dealer, investment adviser, municipal securities dealer or transfer agent." Barai, the founder of hedge fund Barai Capital Management, was also fined $3.4 million.
Both men pleaded guilty last year to sharing and trading on confidential information learned from consultants at expert network Primary Global Research. Freeman, a former SAC Capital Advisors trader, cooperated with the investigation.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...