Saturday, 20 December 2014
Last updated 12 hours ago
Sep 25 2008 | 10:29am ET
Sirios, a long-only and fund of hedge funds shop, has been slapped with a small fine by the Securities and Exchange Commission for illegally short selling two companies.
On two separate occasions, Sirios engaged in short sales made in advance of public offerings by Centene Corp. and Las Vegas Sands Corp.
In both cases, Sirios sold securities short within five business days before the pricing of each offering, and covered the short sales, in whole or in part, with shares purchased in the offerings, resulting in total profits of $198,069.
The firm has been ordered to pay disgorgement of $198,069, plus prejudgment interest in the amount of $38,989 and a civil penalty in the amount of $50,000 to the U.S. Treasury.
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.