Thursday, 2 October 2014
Last updated 7 min ago
Feb 9 2012 | 3:50am ET
The man who has overseen the largest group of insider-trading cases in U.S. history is switching sides.
Christopher Garcia, who served as head of the securities fraud unit for the U.S. Attorney's Office in Manhattan for the last two years, is leaving tomorrow to join law firm Weil Gotshal & Manges. As a partner at the firm, Garcia will focus on white-collar defense and investigations.
He may wind up defending men and women very much like those he's helped put in prison. The Manhattan U.S. Attorney's Office has brought 63 insider-trading cases under Garcia, winning 56 convictions and guilty pleas, notably that of Galleon Group founder Raj Rajaratnam.
Garcia will make about $1.2 million per year for the next two years, much more than he made in the public sector. Garcia's services were highly sought-after; WilmerHale, Gibson Dunn & Crutcher and Zuckerman Spaeder also vied for him.
Garcia follows Rajaratnam prosecutor Jonathan Streeter, who joined Dechert last month, and Rajaratnam judge Richard Holwell, who left the federal bench this week to found a law firm with two former colleagues, in moving to the private sector this year.
Marc Berger, who has served as Garcia's deputy, is expected to succeed him at the securities fraud unit.
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...