Embattled Research Firm Names New CEO

Dec 4 2006 | 11:04am ET

Independent research firm Gradient Analytics, accused of being the hatchet men for hedge funds in a pair of lawsuits, announced that Brad Forst will succeed firm founder and Chairman Carr Bettis as president and CEO. Bettis will remain chairman and also will assume the title chief scientist.

The firm denied that the lawsuits prompted the leadership change. Both pharmaceutical firm BioVail Corp. and internet retailer Overstock.com accuse the Scottsdale, Ariz.-based Gradient of colluding with hedge fund short-sellers by issuing negative research reports. Gradient denies wrongdoing in both cases.

In a statement, Forst, the former CEO of safety technology firm Simula, said, “The integrity of Gradient’s research process and its impressive track record make its continuing growth an exciting prospect.”


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note