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Tag: hedge funds


The Temptation of Insider Trading: Why Top Professionals Might Slip

by on Mar.02, 2011, under Towing

Rajat Gupta, the former head of prestigious consulting firm McKinsey, faces Securities and Exchange Commission charges of insider trading.

The Securities and Exchange Commission’s insider-trading charges against Rajat Gupta, former head of consulting firm McKinsey & Co., comes as a shock to many. The news comes after another McKinsey director pleaded guilty to insider-trading charges in January. Should we expect more to come?

Continue reading The Temptation of Insider Trading: Why Top Professionals Might Slip

The Temptation of Insider Trading: Why Top Professionals Might Slip originally appeared on DailyFinance on Wed, 02 Mar 2011 21:00:00.

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Madoff From Jail: Banks and Hedge Funds Were ‘Complicit’

by on Feb.16, 2011, under Towing

Bernard Madoff

In a jailhouse interview with the New York Times, Madoff pointed to a failure by banks and hedge funds to investigate when his filings with the Securities and Exchange Commission didn’t jibe with information that they could have obtained. And he still says he acted alone.

Continue reading Madoff From Jail: Banks and Hedge Funds Were ‘Complicit’

Madoff From Jail: Banks and Hedge Funds Were ‘Complicit’ originally appeared on DailyFinance on Wed, 16 Feb 2011 09:15:00.

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Paulson & Co. Clears $1 Billion on Citigroup Shares

by on Jan.24, 2011, under Towing

Hedge fund manager John Paulson told Paulson & Co. clients that the company made more than $1 billion during the past 18 months on its investment in Citigroup, Bloomberg News reported, citing Paulson’s letter to clients this month.

Continue reading Paulson & Co. Clears $1 Billion on Citigroup Shares

Paulson & Co. Clears $1 Billion on Citigroup Shares originally appeared on DailyFinance on Mon, 24 Jan 2011 15:25:00.

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ITT Dismantles Its Empire, Ending the Age of Conglomerates

by on Jan.13, 2011, under Towing

ITT logo

The 91-year old company was once the leading diversified industrial company, the product of hundreds of leveraged buyouts in the 1960s and ’70s. But its breakup is yet more proof that the conglomerate model makes little sense today. Why? Activist investors have a lot to do with it.

Continue reading ITT Dismantles Its Empire, Ending the Age of Conglomerates

ITT Dismantles Its Empire, Ending the Age of Conglomerates originally appeared on DailyFinance on Thu, 13 Jan 2011 12:00:00.

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