Monday, 20 October 2014
Last updated 3 hours ago
Sep 24 2012 | 1:04pm ET
The son of Welch Capital Management founder Leighton Welch has pleaded not guilty to drunk-driving charges stemming from a four-wheeler accident that killed his prep. school roommate.
James Welch was arraigned today on one count of negligent vehicular homicide in Virginia City, Mont. His father and mother were in court with the 19-year-old.
Welch was arrested in August at Montana's exclusive Yellowstone Club resort, after a late-night accident that killed Parker Regan, the son of Chartis Group co-founder R. Christopher Regan and Welch's roommate at Connecticut's Suffield Academy. Welch told the Montana Highway Patrol that Regan fell out of the all-terrain vehicle he was driving while he was making a left. But police say that Welch smelled of alcohol and had watery and bloodshot eyes—and bloody clothes. Welch refused to submit to either a breath or blood test, although police later got the latter after obtaining a warrant. Police say he was driving on the wrong side of the road.
It's the second time this year Welch has faced drunk-driving charges; he was convicted on April 17, according to an affidavit, although it is unclear where that crime occurred. The Bronxville, N.Y., resident remains free on $50,000 bond.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...