Wednesday, 1 October 2014
Last updated 1 hour ago
Aug 5 2013 | 10:25am ET
The technology analyst accused of passing tips to a former SAC Capital Advisors money manager made his maiden appearance in Manhattan federal court on Friday.
Sandeep Aggarwal did not enter a plea at the hearing. Bail was set by U.S. Magistrate Judge Frank Maas at $500,000, secured by $50,000 in cash.
Aggarwal was arrested on Tuesday in California and charged with giving confidential information about a planned deal between Microsoft Corp. and Yahoo! to Richard Lee, a SAC manager named in the criminal complaint against the hedge fund itself, and another hedge fund in 2009. Lee has pleaded guilty and is cooperating with prosecutors.
"We continue to review the allegations," Sam Braverman, Aggarwal's lawyer, said.
Aggarwal, who runs his own research firm, DigitalRoute, has been frequently featured in print and broadcast media.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...