Tuesday, 21 October 2014
Last updated 23 min ago
Jan 15 2013 | 10:26am ET
The former assistant to hedge fund manager Todd Meister will go on trial next month for allegedly stealing almost $1 million from him.
A Manhattan judge set Feb. 14 for the start of Renata Shamrakova’s trial. The Ukrainian allegedly ran up $900,000 in unauthorized charges on two American Express cards she and her boyfriend opened in Meister’s name. The date is, in its own way, an appropriate one: Shamrakova has alleged that she and Meister were lovers.
Shamrakova’s lawyer indicated that she might want to break that date: He told the judge that they won’t be ready. Joshua Kirshner said he was “sifting through” some “1.75 terabytes of discovery as of a month ago.”
Meister, the co-founder of Pride Rock Management, is better known as the son of Aon Group executive Robert Meister and the ex-husband of socialite Nicky Hilton.
Shamrakova, who remains free on $300,000 bond, faces up to seven years in prison if convicted of embezzlement.
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 ...