Saturday, 25 October 2014
Last updated 16 hours 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.
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.