Friday, 26 December 2014
Last updated 2 days ago
Jun 19 2014 | 9:02am ET
University of Chicago economics students may have lost a great teacher when the school decided to remove former Goldman Sachs executive Fabrice Tourre from a course.
Tourre, who was found liable for fraud over a Paulson & Co.-linked collateralized debt obligation in February, had been set to teach a class on economic analysis last semester. But in March, the school removed him from the class, saying he’d teach only graduate students.
Those graduate students may be pretty lucky: Tourre was named the best teaching assistant by the school’s core economics students.
Chicago did not say why it had reassigned Tourre, who is studying for a Ph.D. in economics at the school.
Tourre was found to have misled investors in and the insurer of CDO ABACUS-2007-AC1 about Paulson’s role in selecting the securities that went into the deal. He said last month that he would not appeal the ruling or the $850,000 in fines and restitution ordered against him.
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.