Wednesday, 1 October 2014
Last updated 11 hours ago
Apr 13 2012 | 11:10am ET
The money manager arrested alongside three hedge funders in January is poised to plead guilty.
Danny Kuo, a technology fund manager at Whittier Trust Co., will cooperate with prosecutors, Bloomberg News reports. Kuo was allegedly part of an insider-trading that earned more than $60 million in illegal profits.
The three others, Level Global Investors founder Anthony Chiasson, former Diamondback Capital Management portfolio manager Todd Newman and former SAC Capital Advisors analyst Jon Horvath have all pleaded not guilty.
Kuo would be the fourth man to plead guilty and cooperate with the authorities in the present case.
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...