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If you work for a hedge fund, you might feel the pressure to have some kind of warrior physique - particularly if you're trying to channel George Soros and work well past your fifth decade. However, you will also need to have pretty strong self-control: most big hedge funds now reward their employees with food, and lots of it...
A former SAC Capital Advisors LP fund manager had his conviction for insider trading tossed out after a judge said current law no longer supports his guilty plea.
Richard S. Lee pleaded guilty in 2013 days before SAC Capital was indicted for orchestrating a massive insider-trading scheme. Lee, who cooperated with prosecutors before seeking to withdraw his plea, was one of at least eight SAC fund managers or analysts who were criminally charged in the government’s yearslong attack on illicit trading...
FIRM Changes/Developments, Open, PERSONNEL Profiles/Developments
Natixis said its subsidiary H2O Asset Management had been hit with at least €600 of outflows, after the Financial Times revealed the scale of its holdings of illiquid bonds linked to a controversial German financier.
The French bank's stock price fell as much as 6 percent on Friday even as it attempted to reassure investors about the extent of its links — via London-based H2O — with Lars Windhorst...
FIRM Changes/Developments, Open, PERSONNEL Profiles/Developments
Columbia Threadneedle has rehired the head of distribution at UK asset manager Jupiter to lead its European business, four years after he left the firm.
Nick Ring will take up the post of chief executive for Europe, the Middle East and Africa at Columbia Threadneedle Investments from September 23. His appointment fills the vacancy left by the departure of Michelle Scrimgeour earlier this year. She is now chief executive of Legal & General Investment Management...
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