Tuesday, 23 September 2014
Last updated 8 hours ago
May 15 2013 | 1:14pm ET
Artis Capital Management analyst Matthew Teeple has pleaded not guilty to insider-trading charges.
Teeple and his alleged source, former Foundry Networks chief information officer David Riley, both entered not guilty pleas in Manhattan federal court yesterday. The two were arrested in March and face decades in prison on the conspiracy and securities fraud charges.
According to prosecutors, Riley told Teeple about Foundry's planned acquisition by Brocade Communications Systems in 2008. Teeple then pushed his colleagues at Artis to trade on the tip, and passed it on to two others, including a government cooperating witness, Karl Motey. Both Motey and the other recipient, former Wyoming Retirement System chief investment officer John Johnson, have pleaded guilty.
The scam netted the men more than $27 million in illicit profits, the government says.
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 McKitich, CIO of Petty 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…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.