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FINalternatives's Blog

CFTC Fines Hedgie $1M For Metals Market Manipulation

July 27, 2011 Comments (0)

The U.S. Commodity Futures Trading Commission has slapped hedge fund manager Christopher Pia with a $1 million penalty for attempting to manipulate the metals market. read more

Millennium May Sell Stake To Private Equity Firm

July 27, 2011 Comments (0)

Millennium Management is poised to sell a minority stake to a private equity firm led by the former head of Citigroup's hedge fund unit. Israel Englander, Millennium's founder, and Foundation Capital Partners are in advanced talks about having the latter buy less than 20% of the New York-based hedge fund giant, which has more than $11 billion in assets under management. A deal remains uncertain, although Foundation Capital would pay between $300 million and $500 million for the stake....

SAC Soars In First Half

July 27, 2011 Comments (0)

SAC Capital Advisors has avoided the pitfalls that have found a great many of its peers this year. read more