Browsing: Hedge Funds

Brokers Ban Controversial Surveys

02/26/2014
In the wake of BlackRock’s settlement with the New York attorney general over its surveys of security analysts, eighteen brokerage firms have agreed to bar their analysts from participating in ...

SAC’s Steinberg Found Guilty Of Insider Trading

12/23/2013
Last Wednesday, a federal jury in Manhattan found former SAC portfolio manager, Michael Steinberg, guilty on all five insider trading charges related to trades he made in the shares of ...

The Case Against Edgy Information

12/09/2013
Last week, the star witness in the government’s insider trading case against SAC portfolio manager Michael Steinberg faced tough questioning from Steinberg’s lawyer in an effort to discredit earlier testimony ...

SAC Pleads Guilty In Landmark $1.8 bln Insider Trading Case

11/06/2013
This past Monday, federal prosecutors announced that SAC Capital agreed to plead guilty to insider trading violations brought in July, pay a combined fine of $1.8 bln, and close down ...

SAC Capital Set To Shrink Firm

10/28/2013
In the wake of negotiations with the US government to settle insider trading charges, SAC Capital Advisors is planning to scale back its operations, including shutting down its London operations ...

Survey: Compliance Vigilance Remains High

10/21/2013
A recent survey of investment advisers showed that insider trading continues to be a hot button compliance issue, along with advertising/marketing, social media and political contributions/pay to play. The Investment Adviser ...

Meredith Whitney Shutters Research Biz and Opens Hedge Fund

10/14/2013
Last week, it was reported that well-known financial services analyst, Meredith Whitney, recently shuttered her independent research business and is preparing to launch a long/short hedge fund instead.  Ms. Whitney’s ...

Australian Analyst Pleads Guilty to Insider Trading in US

09/16/2013
Last week, an Australian research analyst who formerly worked for a global investment bank, pleaded guilty in a Manhattan federal court to trading on inside information ahead of IBM’s acquisition ...

U.S. Government Raises Pressure On SAC PM

08/26/2013
Last week, US prosecutors raised the pressure on a former SAC portfolio manager, Matthew Martoma, by expanding their $276 mln insider trading case against him, saying that he obtained inside ...

SAC Preparing for Exodus of Assets

08/12/2013
Management at beleaguered hedge fund, SAC Capital Advisors, is preparing for outside investors to pull out most of the remaining assets in the fund.  This is prompting the firm to ...
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