Thursday, 2 October 2014
Last updated 13 hours ago
Apr 30 2008 | 7:04am ET
The Securities and Exchange Commission may be ruing the day it fired Gary Aguirre.
The former SEC lawyer, who claims he was fired when his investigation of insider trading at hedge fund Pequot Capital got too close to Morgan Stanley CEO John Mack, won a court battle with the regulator this week for thousands of pages of documents relating to his employment with the SEC and his investigation of Pequot.
The SEC was ordered by a federal judge in Washington to turn over the transcripts of interviews with Pequot founder Arthur Samberg, the firm’s trading records, e-mails of SEC staffers and other documents—with some exceptions—under a Freedom of Information Act request filed by Aguirre, who is seeking evidence to back up his claim that his firing was part of an SEC cover-up to protect Mack. It also has to demonstrate that it did a sufficiently through search for the missing pages from Aguirre’s personnel file, which has already been turned over to its former staffer. The agency had claimed that the Pequot-related files were protected under confidentiality clauses in the Investment Advisors Act.
The judge has set a conference between the parties on June 17.
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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...