Wednesday, 1 October 2014
Last updated 39 min ago
Dec 10 2012 | 5:37am ET
The Securities and Exchange Commission has expanded its lawsuit over a pair of Pacific Northwest hedge funds.
The regulator added three people to its complaint against Grifphon Asset Management and founder Yusaf Jawed. Benjamin Daniels, Dominic O'Dierno and Stephen Persad jointly took home almost $800,000 in commissions for pushing investors towards Grifphon, which the SEC said was a Ponzi scheme.
The three men agreed to settle the allegations. None were accused of having knowledge of Jawed's alleged scheme, which investigations say cost clients $37 million.
Jawed and a former business partner, Lyman Bruhn, are currently under criminal investigation for their alleged misdeeds. Bruhn is also accused by the SEC of running a Ponzi scheme at his hedge funds, Sasquatch Asset Management and Pearl Asset Management.
In September, the SEC sued both men and their lawyers. They also face a large number of lawsuits filed by investors.
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...