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Hedge Fund

Rajaratnam legacy still haunts hedge funds

The ghost of Raj Rajaratnam still haunts hedge funds. Some make employees sign pledges that they’ve not acted on illicit tips, others snoop on their traders with keystroke-reading software. At the compliance meetings everybody has these days, prison isn’t an off-the-wall topic.

Goldman Sachs Blink

Goldman taking $1.5bn hit on Q4 earnings for settlement

Goldman Sachs said Thursday that its fourth-quarter earnings will take a roughly $1.5 billion hit as it has reached a nearly $5.1 billion settlement agreement in principle related to its "securitization, underwriting and sale of residential mortgage-backed securities from 2005 to 2007."