10 Updates

Guilty Plea for One of Julian Robertson's 'Tiger Cubs'

Source: The New York Times, Dec 12 2012, 4:17pm CST

Bill Hwang was once a star at Tiger Management, the gilded hedge fund empire run by the billionaire investor Julian Robertson . In 1995, as an ambitious, young stock salesman, Mr. Hwang won Tiger’s annual award given to the p ...

Continue reading on: The New York Times

 
 
Update
10

11 hours ago

Bail Granted to Ex-Fund Managers Convicted Of Insider Trading

Source: Wall Street Journal  |   Jun 18 2013, 4:19pm CDT

By Chad Bray A federal appeals court on Tuesday granted bail to two former hedge-fund managers while they challenge their convictions on insider-trading charges. Federal prosecutors had alleged that Anthony Chiasson, a co-founder of Le ...

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Update
9

12 hours ago

Ex-fund managers can remain free during U.S. insider trading appeal

Source: Hartford Courant  |   Jun 18 2013, 3:41pm CDT

NEW YORK (Reuters) - Two former hedge fund managers persuaded a U.S. appeals court on Tuesday to allow them to remain free on bail as they seek to have their insider-trading convictions thrown out. Todd Newman, a former portfolio manager ...

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Update
8

26 weeks ago


Quote:
"He has always been a great partner, a great person and a great friend"


Source: The New York Times

 

Latest Business News

 
Update
7

3 days ago

 
Update
6

4 days ago

The dark side of Wall Street: An insider’s tale of illegal trades – and illegal substances

Source: Globe and Mail  |   Jun 14 2013, 6:08pm CDT

Sitting in a midtown Manhattan hotel sipping a cup of coffee, Turney Duff explained the similarity between insider trading and snorting cocaine. “You have these moments of, ‘This might not be right,’ ” he said. “It didn’t smell good, but it felt really g ...

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Update
5

4 days ago

Todd Newman's Insider Trading Conviction, Hedge Funds Take Heed

Source: Forbes  |   Jun 14 2013, 6:27am CDT

Todd Newman (Diamondback Capital) and Anthony Chiasson (Level Global) were both convicted in December of trading, and profiting, on inside information they gained from analysts who worked for them. The jury believed, as many juries do believe these days ...

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4

6 days ago

Rival hedge funds hope to feast on SAC Capital redemptions

Source: Reuters Mobile  |   Jun 12 2013, 4:31pm CDT

An exterior view of the headquarters of SAC Capital Advisors, L.P. in Stamford, Connecticut, in this picture taken December 13, 2010. BOSTON/NEW YORK (Reuters) - A long list of rival hedge funds is eager ...

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3

6 days ago

Leon Cooperman, Warren Buffett And 18 Other Wealth Wizards

Source: Value Walk  |   Jun 12 2013, 12:32pm CDT

One of the best things about being a journalist for a national media outlet like Forbes is access. Put simply you get to meet and interview amazing people who might not ordinarily care to talk to you if ...

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2

6 days ago

Hedge Fund Manager Stands Trial

Source: FIN Alternatives  |   Jun 12 2013, 8:52am CDT

Accused hedge fund fraudster Michael Balboa has gone on trial in New York. Balboa, who was based in London, faces conspiracy, securities fraud, wire fraud and investment advisors fraud. According to prosecutors, Balboa invested in illiquid bo ...

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Update
1

6 days ago

Robertson Calls Hedge Funds 'The Antithesis Of Baseball'

Source: FIN Alternatives  |   Jun 12 2013, 8:39am CDT

The hedge fund industry couldn't be more different from baseball—and that's a good thing, according to Julian Robertson. "Hedge funds are the antithesis of baseball. In baseball, you can hit 40 home runs on a single-A-league tea ...

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