Friday, 19 September 2014
Last updated 5 hours ago
Jan 28 2008 | 7:53am ET
A Boston-area hedge fund has settled mutual fund market-timing charges, the Securities and Exchange Commission said Friday.
Cambridge, Mass.-based Chronos Asset Management had been accused of using “deceptive tactics” and “false and misleading information to hide Chronos’ identity” to market-time mutual funds. One Chronos trader allegedly opened a variety of accounts, named for his dog, hometown and wife, to facilitate the trades.
The $250 million firm will pay $2 million to settle the charges. In addition, Mitchell Dong, who heads the hedge fund, has been barred from the securities industry for a year.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.