Tuesday, 30 September 2014
Last updated 23 min ago
Mar 26 2012 | 1:46pm ET
A former Indiana hedge fund manager has received a decade in prison for ripping investors off to the tune of more than $7 million.
Keenan Hauke was also ordered to pay $7.1 million in restitution. He had faced as much as 17 years in prison under a plea deal reached in December.
Hauke told U.S. District Judge Tanya Walton Pratt that he was willing "to spend the rest of my life living with nothing but necessities until restitution is complete."
The Samex Partners founder pleaded guilty to securities fraud. According to prosecutors, 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.
Pratt ordered Hauke to begin serving his sentence immediately at the federal prison in Terre Haute, Ind., just 100 miles from Hauke's home in Fishers.
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...