Monday, 22 September 2014
Last updated 28 min ago
Sep 14 2007 | 11:36am ET
Another hedge fund has been caught red handed in an alleged insider-trading scheme involving private investments in public equities, or PIPEs.
The Securities and Exchange Commission has charged King of Prussia, Pa.-based hedge fund Lancaster Investment Partners and hedge fund manager Robert Berlacher with using private stock offerings to cover short positions—a violation of securities law—at least 10 times between 2000 and 2005. The SEC says Lancaster made $1.7 million from the trades.
“These ill-gotten gains inflated Lancaster’s assets under management and performance, which consequently led Berlacher to receive improper performance fees and compensation,” the SEC wrote in its complaint, filed in federal court in Philadelphia.
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.