Sunday, 21 December 2014
Last updated 11 hours ago
Nov 19 2007 | 1:05pm ET
Michael Mendelsohn, the co-founder of collapsed hedge fund Portus Alternative Asset Management, shocked a Toronto court today by pleading guilty to fraud charges.
Mendelsohn, who had previously avowed his innocence, entered the surprise plea at what was supposed to be a preliminary hearing this afternoon. He and co-founder Boaz Manor, who returned to Canada last week after more than two years on the run in Israel, were charged in September with defrauding investors and obstruction of justice.
Last week, Manor pleaded not guilty to the charges.
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.