Dec 13 2012 | 2:18pm ET
Hedge fund Tiger Asia Management pleaded guilty to criminal fraud charges, with founder Bill Hwang admitting that the fund engaged in insider-trading.
Tiger Asia, which has been in hot water for the trades in the stocks of two Chinese banks in Hong Kong for three years, agreed to forfeit more than $16 million to settle the criminal case. The firm, which in August began to return outside capital, was also sentenced to a year of probation.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…