Wednesday, 17 December 2014
Last updated 9 hours ago
Mar 31 2014 | 11:42am ET
A former Citigroup trader linked to an interest-rate-rigging scandal has resurfaced at hedge fund Element Capital Management.
Christopher Cecere has joined the $4.4 billion New York-based firm, The Wall Street Journal reports. Cecere most recently worked at Brevan Howard Asset Management, leaving that hedge fund in June, more than a year after the Japanese Financial Services Agency accused him of attempting to manipulate the Tokyo interbank rate during his time at Citigroup.
Cecere denied the accusations and was not personally sanctioned for what the FSA called his “seriously unjust and malicious” behavior. The regulator, which fined Citi and banned it from trading several products for a short period, alleged that Cecere and another Citi trader, Tom Hayes, asked bankers to change data submitted during the setting of the rate.
Hayes has since been brought up on criminal charges in the U.K.
Cecere joined Brevan in 2010.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.