Saturday, 30 August 2014
Last updated 18 hours ago
Feb 26 2014 | 10:48am ET
Former Goldman Sachs executive Fabrice Tourre has a new job.
Tourre, who was found liable for misleading investors in a Paulson & Co.-linked collateralized debt obligation, began studying for a Ph.D. in economics at the University of Chicago after leaving Goldman. Now, as part of that program, he'll be teaching an honors class in the spring quarter, which begins at the end of March.
According to Chicago's student newspaper, the Chicago Maroon, Tourre will teach the honors section of Elements of Economics Analysis 3. Tourre, who has a mathematics degree from the École Centrale in Paris and a master's degree from Stanford University, has previously served as a teaching assistant at Chicago.
Tourre's seminar will be held on Thursday afternoons, with Monday evening discussions.
The Securities and Exchange Commission, which brought the successful lawsuit against Tourre, is seeking $1.1 million in fines and restitution from him, figures that his lawyers have called "unreasonably severe." Tourre was found liable for fraud by a jury last year; he had refused to settle allegations that he deliberately misled investors and the insurers of the CDO about Paulson's role in selecting the securities that went into the deal, and about the hedge fund's plan to short it.
Goldman paid $550 million to settle the matter with the SEC, and Paulson was never accused of any wrongdoing.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...