Authored by Adam Taggart via PeakProsperity.com,
Sheelah Kolhatkar, former hedge fund analyst and staff writer at the New Yorker, thinks hedge funds have enjoyed enormous unfair advantages for far too long.
Today’s WSJ article on political-intelligence shops, and one called Marwood in particular, is a bit of a peculiar fish, and I’m very glad that it comes while Matt Levine’s great post yesterday on SEC insider-trading investigations is still fresh in our minds.
When considering a good read, not everyone reaches for a work of fiction. True stories can be equally riveting, and often just as difficult to put down. With this in mind, our friends at the New York Public Library helped us put together a list of the five best nonfiction books that will have you at the edge of your seat. All the books on this list were finalists for the New York Public Library's 2014 Helen Bernstein Book Award for Excellence in Journalism.
On Tuesday night at 10:00 pm EST,'Frontline' will air its 'To Catch A Trader' documentary about how the FBI investigated some of the biggest insider trading cases in the last decade. Of course billionaire Steve Cohen's hedge fund, SAC Capital, gets a l0t of attention.
By Matt Sheelah Kolhatkar’s cover story today in Bloomberg BusinessWeek about the SEC’s hunt to capture Steve Cohen is pretty amazing, and depending on your priors will leave you impressed or infuriated or both with the SEC. I vote both, but I always vote both. The core of it is the story of how Sanjay…
Continue reading »
By Insider Monkey: We follow hedge funds and corporate insiders because our research has shown that they have an edge over ordinary investors. Insiders understand their companies and the industry way better than other investors. Sometimes they even have material non-public information. Hedge funds sometimes also have access to the material non-public information. Trading on such information is not allowed by law, but there are still insiders and hedge fund managers who break the rules.