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Three Caught Trading on Insider Info
Two friends from college with aspirations to owning a hedge fund company were caught trying to cash in on Amazon insider info. Washington state residents Maziar Rezakhani and Sam Sadeghi paid $10,000 to Brett Kennedy, an Amazon analyst, for information about the online retailer’s 2015 first-quarter earnings. The pair of hedge fund wannabes used that […]
Apple and Google Best Choices for Hedge and Mutual Fund Investors
Hedge funds made Apple stocks their darling during the second quarter of this year, according to information garnered by Citigroup Inc. Data showed that eleven out of fifty hedge funds were holding Apple in their portfolios among the top-ten stocks. Apple was more popular among hedge funds than other popular bets, including the travel website […]