Meditor Capital Management, the $3bn hedge fund-firm run by Talal Shakerchi, is shutting its European equity fund, citing an internal review and new rules restricting short-selling.
SAC Capital Advisors fund manager Michael Steinberg told the analyst who gave him inside tips on Dell that the fund’s founder, Steven A. Cohen, wasn’t aware they were obtained illegally.
Global banks and asset managers are opening hedge funds in Asia for the first time since the 2008 financial crisis, putting pressure on smaller firms that are already struggling to hold onto investors.
The hedge-fund analysts vacationed together in the Hamptons, gambled in Las Vegas and adopted a creed that parodied the rules in the Brad Pitt film 'Fight Club'.
From the beginning, one of the concerns expressed by lawyers for hedge fund portfolio manager Michael Steinberg was that their client would have a hard time finding jurors who weren’t biased by the overload of negative news coverage of his employer, SAC Capital.
The Securities and Exchange Commission has charged a former employee at a Silicon Valley-based semiconductor company for his role tipping non-public information used in connection with Raj Rajaratnam’s massive insider trading scheme.
Michael Steinberg is 'successful, steady, serious', said a lawyer for the most senior employee at SAC Capital Advisors to be charged with insider trading.
It's a squeeze.
A federal appeals court on Monday refused to disturb the insider trading conviction of Galleon Group hedge fund founder Raj Rajaratnam, one of the most prominent defendants in the U.S. government's wide-ranging probe into insider trading.
SAC Capital Advisors compliance officers and the firm’s outside lawyers questioned Jon Horvath in 2011, when he was an analyst at the firm, about insider trading with expert networker John Kinnucan and the firm Primary Global Research, U.S. prosecutors said.
Sad to report.
Is this the place to be in the markets now ?
But getting new jobs might not be that easy.