Saturday, 30 August 2014
Last updated 17 hours ago
Aug 28 2012 | 10:44am ET
Convicted Galleon Group tipster Rajat Gupta may have one fewer day of freedom.
The former McKinsey & Co. chief, convicted in June of passing confidential information to Galleon founder Raj Rajaratnam, was to be sentenced on Oct. 18. Instead, he'll learn his fate a day earlier, U.S. District Judge Jed Rakoff said yesterday.
In his order, Rakoff said the rescheduling was made with "the consent of the parties."
Gupta faces up to 20 years in prison on each of the three securities fraud convictions and up to five years on the conspiracy conviction. Rajaratnam was sentenced to 11 years in prison.
Gupta was convicted of passing his longtime friend and business partner tips about two companies on whose boards he sat, Goldman Sachs and Procter & Gamble.
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 ...