Monday, 29 December 2014
Last updated 10 hours ago
May 10 2013 | 12:05pm ET
The Securities and Exchange Commission's point-man on hedge fund enforcement is leaving the regulator.
Bruce Karpati will become chief compliance officer for Prudential Financial's mutual fund business, Pru said yesterday. The two sides have been in talks for months and were first linked at the beginning of March.
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.
"Bruce has been a pioneer in the use of complex data analysis to detect securities fraud," SEC enforcement co-chief George Canellos, himself rumored to be mulling an exit from the regulator, said.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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