Saturday, 28 March 2015
Last updated 22 hours ago
Jan 3 2014 | 10:07am ET
The solemnity of SAC Capital Advisors portfolio manager Michael Steinberg's conviction on insider-trading charges last month didn't keep one of his closest friends from a profane reaction.
Sandy Heller, the former chief investment officer at Exis Capital, was a regular attendee of Steinberg's trial, along with his brother, Sandy, SAC founder Steven Cohen's art adviser. And when the word "guilty" was read, Heller didn't hold back.
According to the New York Post, Heller threw his head back and said, "oh fuck," when the verdict was read. Steinberg was convicted of five counts of securities fraud and conspiracy, and fainted just prior to the delivery of the jury's decision on Dec. 18.
Steinberg faces up to 85 years in prison when he is sentenced on April 25, but will likely receive less than 10 years. The longest-ever insider-trading sentence imposed in 12 years.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…