Insider-Trader Kuo Would Like His Cap And Gown

Apr 17 2014 | 9:49am ET

If admitted hedge fund tipster Danny Kuo goes to prison alongside former SAC Capital Advisors trader Mathew Martoma, he’d like to leave the big house with something his fellow insider-trader has lost: an M.B.A.

Kuo has asked a federal judge to allow him to attend his graduation from the University of Southern California’s Marshall School of Business next month. The former Whittier Trust Co. analyst wants his sentencing delayed until after commencement.

Kuo pleaded guilty two years ago to trading in inside information with three hedge funders: Level Global Investors co-founder Anthony Chiasson, Diamondback Capital Management trader Todd Newman and former SAC analyst Jon Horvath. He faces up to 45 years in prison, but is expected to get much less in recognition of his cooperation with prosecutors, who used his testimony to help win convictions against Chiasson and Newman.

Kuo thought business school “would be a good way to improve his résumé during a period… when he had difficulty working because of the pendency of this case,” his lawyer, Roland Riopelle, told Bloomberg News.

USC acknowledged that Kuo is indeed enrolled as a part-time M.B.A. student, although it declined to say whether it was aware of his criminal past.

Martoma lost the M.B.A. he earned at Stanford University after it emerged that he had lied on his application. Martoma, who was convicted of insider-trading in February, apparently failed to disclose that he was expelled from Harvard Law School for doctoring his transcript.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.