Tuesday, 16 September 2014
Last updated 15 min ago
Jul 15 2008 | 10:08am ET
Some of the biggest names in the hedge fund industry have been subpoenaed as part of the Securities and Exchange Commission’s probe into rumor-mongering on Wall Street.
Citadel Investment Group and SAC Capital Advisors are among the more than 50 hedge fund management firms sent subpoenas within the past few weeks, The Wall Street Journal reports. The SEC is trying to determine whether individuals spread rumors to manipulate the price of Bear Stearns and Lehman Brothers shares, asking the hedge funds for trading communications data about short-selling and options trading in one or both firms.
The firms hit with subpoenas have been told that they are not necessarily the focus of specific allegations, the Journal says.
Some of the subpoenas were received as recently as yesterday, while some firms subpoenaed earlier have already produced information for the regulator. The information sought includes that related to securities trading by brokers and correspondence between hedge funds and other parties.
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…
The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?