Wednesday, 1 April 2015
Last updated 5 hours ago
Feb 26 2013 | 2:28pm ET
A top Goldman Sachs salesman linked to the Galleon Group insider-trading scandal has left the bank.
David Loeb's name emerged during the case against former McKinsey & Co. chief Rajat Gupta, who was convicted last year of passing confidential information to Galleon founder Raj Rajaratnam. Loeb did not actually testify in the case—Gupta's lawyers had merely offered him as another possible Rajaratnam source—but it did emerge that Loeb and Rajaratnam spoke almost daily.
Galleon was Loeb's largest client by far, and his closeness to Rajaratnam was indicated by their nicknames for each other. Loeb was never formally accused of any wrongdoing. Prosecutors say he passed Rajaratnam tips about Apple Inc., Hewlett-Packard and Intel Corp.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…