Wednesday, 1 October 2014
Last updated 10 hours ago
Nov 14 2012 | 10:57am ET
A former IKOS Asset Management analyst is continuing to make himself scarce in the hedge fund's home jurisdiction.
Vincent Pfister again failed to appear in a Cypriot court to face charges that he stole IKOS' algorithmic trading systems. Already facing a €25,000 fine, Pfister would have faced criminal charges had he appeared, Cyprus Mail reports.
The Cypriot court dutifully set a new hearing date for Jan. 29.
According to IKOS, Pfister admitted that he had downloaded the codes, but he denied that he planned to share them with IKOS co-founder Martin Coward. The case is one of many legal actions surrounding the split of Coward and IKOS chief Elena Ambrosiadou.
A European arrest warrant has been issued for Pfister, who has homes in both France and Britain. But British authorities will not execute the warrant without fingerprint information.
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...