Tuesday, 30 September 2014
Last updated 4 hours ago
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.”
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...