Tuesday, 2 September 2014
Last updated 12 min ago
Nov 27 2009 | 1:04pm ET
Gartmore Group has become the latest hedge fund ensnared in an insider-trading probe.
Italian securities regulator Consob is investigating Gartmore and several other firms. The case involves alleged insider-trading of Banca Italease shares three years ago; Consob has already fined 11 bankers more than US$5 million for their alleged role.
According to the regulator, the then-head of Italian equities and then-head of European small-cap research at Citigroup tipped off several asset managers days before the bank was to publish a positive note about Banca Italease.
Gartmore has denied any wrongdoing, Bloomberg News reports. Financial News first reported Consob’s interest in Gartmore.
Gartmore announced plans to go public earlier this month. The initial public offering is set for next month.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...