Sunday, 31 August 2014
Last updated 1 day ago
Apr 17 2012 | 12:32pm ET
A hedge fund insider-trader has been sentenced to one year in prison for trading on tips from his brother-in-law and a college buddy.
James Turner was also fined $25,000 and sentenced to three years of supervised release following his prison term. The former Clay Capital Management chief investment officer pleaded guilty in December to earning more than $2.5 million in illegal profits, and had faced as much as 20 years in prison.
According to prosecutors, Turner began getting insider tips from Scott Vollmar and Scott Robarge in 2006, covering three different companies. Both Vollmar and Robarge have pleaded guilty as well and await sentencing next month.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...