Thursday, 2 October 2014
Last updated 27 min ago
Feb 17 2009 | 1:24am ET
London police have arrested a director of hedge fund GFX Capital Markets accused of perpetrating a £40 million Ponzi scheme.
British news reports indicate that the arrested man is Terry Freeman, a foreign exchange trader. London-based GFX has ceased operations; the firm is believed to have run into trouble in the fall, collapsing recently.
Freeman was arrested last Monday at his home in suburban Essex, according to police. He was released on bail.
The City of London Police’s economic crime unit has posted a questionnaire on its Web site for GFX clients. The Financial Services Authority said it is aware of the police probe and is cooperating with it.
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...