Hedge fund insider trading is once again in focus. Manhattan U.S. Attorney Preet Bharara has a target in sight: his office’s 77th insider trading conviction since 2009, an unmatched win percentage. The prey is a former hedge fund executive who, while apparently working for a well-known billionaire’s firm, viewed a warning not to privately trade on confidential information regarding a pending acquisition. He then used this information to generate nearly a 6,000% return on investment while appearing to obfuscate ownership of the trading account in question. Late this morning the U.S. Securities & Exchange Commission also announced charges in the case. Hedge fund…
Hedge Fund Insider Trading Alleged By Preet Bharara, SEC In ADT Corporation Bid
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.