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Gupta approaches apex court in last-ditch effort to avoid jail

Last Updated: Wednesday, June 11, 2014, 11:37

Gupta, 65, convicted in 2012 of passing confidential board room information to his friend and business associate Raj Rajaratnam, is scheduled to begin his two-year prison term on June 17.

SEBI bars hedge fund in L&T Finance insider trading case

Last Updated: Thursday, June 05, 2014, 21:21

Unearthing a major insider trading case in shares of L&T Finance, SEBI Thursday barred a Cayman Islands-based hedge fund from Indian securities markets, while the role of other entities including some employees of investment banking major Credit Suisse are also under scanner.

India hedge fund backed by ex-Goldman exec hits $500 million in assets

Last Updated: Wednesday, May 14, 2014, 12:00

Steadview, an India-focused hedge fund seeded by former Goldman Sachs (Asia) chairman Mark Schwartz, has made 12 times the returns of peers with bets on consumer and tech stocks, helping the fund grow its assets to USD 500 million in nearly five years.

Rajat Gupta seeks re-hearing of insider trading conviction

Last Updated: Wednesday, April 09, 2014, 14:17

In a unanimous ruling last month, the panel of the appeals court had rejected Gupta's bid for a new trial and upheld his 2012 conviction and sentence.

Rajat Gupta asks court to rethink $13.9 mn penalty

Last Updated: Tuesday, April 08, 2014, 19:38

India-born former Goldman Sachs director Rajat Gupta has asked a US court to reconsider its order asking him to pay USD 13.9 million in civil penalties in the insider trading case, arguing it was unnecessary given the heavy criminal punishment imposed on him.

Chicago billionaire donates $150 mn to Harvard

Last Updated: Thursday, February 20, 2014, 14:54

Billionaire hedge fund manager Kenneth Griffin has donated his alma mater Harvard USD 150 million, the largest in the history of the prestigious college, to support its financial aid programme.

PIO hedge fund manager convicted of insider trading

Last Updated: Friday, February 07, 2014, 06:34

An Indian-origin hedge fund portfolio manager has been found guilty by a federal jury here on charges that he participated in one of the "most lucrative" insider trading schemes totalling USD 276 million involving information about clinical trials for an Alzheimer's drug.

Investor presses for overhaul of Dow Chemical

Last Updated: Wednesday, January 22, 2014, 07:43

Activist hedge fund Third Point today said it built an unspecified stake in Dow Chemical and pressed to overhaul a company that it argued has "woefully underperformed" peers.

China proves a better bet than Japan for Asia hedge fund investors

Last Updated: Friday, January 10, 2014, 06:07

The outperformance helped encourage Chinese capital to emerge as a growing force in an industry that is dominated by U.S. and European institutions such as pension funds and endowments.

US to put SAC hedge fund out of business over insider trading

Last Updated: Tuesday, November 05, 2013, 09:15

Steven A. Cohen faces an abrupt end to his career as one of the world's most successful traders.

Hedge fund SAC fined record $1.8 bn for insider trading

Last Updated: Monday, November 04, 2013, 23:42

Giant hedge fund SAC Capital has agreed to plead guilty to criminal charges of insider trading and pay USD 1.8 billion to settle them, the US Attorney`s office announced Monday.

Sony boss says no acrimony with hedge fund billionaire

Last Updated: Friday, October 11, 2013, 18:34

The affair was widely portrayed as a clash of corporate cultures, pitting a hard-charging foreign billionaire against one of the bedrocks of Japan's staid corporate sector.