Friday, 24 October 2014
Last updated 15 hours ago
Mar 5 2013 | 10:11am ET
The Securities and Exchange Commission’s top hedge fund cop may become the latest official at the regulator to head for the doors.
Bruce Karpati, who leads the SEC enforcement division’s asset-management unit, is in talks with Prudential Financial, The Wall Street Journal reports. Karpati would serve as chief compliance officer of the insurance giant’s mutual fund business.
Karpati could join Pru as soon as next month. He would join former SEC Chairman Mary Schapiro and former enforcement chief Robert Khuzami among recent top SEC exits.
Karpati has led the asset-management enforcement unit for three years; since the summer, he has led it on his own, following the departure of co-chief Robert Kaplan.
Karpati, a lawyer, worked at law firm Dechert in Washington, D.C., before joining the SEC.
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…
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