Monday, 20 October 2014
Last updated 6 hours ago
Mar 17 2014 | 3:40am ET
Two of the key players in a pay-to-play scandal that ensnared a number of hedge and private-equity funds have settled with the Securities and Exchange Commission.
Henry Morris and David Loglisci accepted industry bans in their deals with the agency. Five other defendants, including Julio Ramirez, a former broker who facilitated some of the kickback payments to Morris, also settled.
Morris was the top political adviser and chief fundraiser for former New York State Comptroller Alan Hevesi, and Loglisci a former deputy comptroller and chief investment officer of the New York State Common Retirement Fund. Both men, along with Hevesi, pleaded guilty to taking millions in kickbacks from hedge funds and private-equity firms seeking to do business with the pension fund.
While Morris and Loglisci both avoided jailtime, Hevesi spent 20 months in prison for his role.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...