Wednesday, 1 October 2014
Last updated 6 min ago
Jul 18 2007 | 1:07pm ET
A federal judge has extended indefinitely the asset freeze against Chicago-based hedge fund Lake Shore Asset Management. But it has put off a decision about whether hold the firm in contempt for failing to produce records as required by the court.
Judge Blanche Manning of the U.S. District Court of the Northern District of Illinois, in a July 13 ruling, gave Lake Shore—founded by former Chicago Mercantile Exchange Chairman Laurence Rosenberg—until July 24 to respond to the CFTC’s contempt motion.
The court froze some $238 million in Lake Shore assets on June 27. As a result of the new ruling, those assets will remain frozen until further order of the court.
Lake Shore had claimed it had almost $1 billion in assets. But when the National Futures Association found only $467 million in its accounts after being given access to its secure Web site, Rosenberg revoked its access, claiming that it violated international banking privacy laws.
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...