Pequot Capital Management Inc. and the hedge-fund firm’s founder, Arthur Samberg , will pay almost $28 million to settle regulatory claims they illegally tapped information from a Microsoft Corp. employee to bet on the software maker’s stock in 2001.
Arthur Samberg, the founder of Pequot Capital Management Inc., and Mario Gabelli, chairman of Gamco Investors Inc., pledged a combined $40 million to Columbia Business School to help fund a new campus.
The U.S. Securities and Exchange Commission will pay the ex-wife of a former Microsoft Corp. employee $1 million for helping the agency successfully sue Arthur Samberg ’s Pequot Capital Management for insider trading.
The U.S. Securities and Exchange Commission said it sued Connecticut-based hedge fund manager Pequot Capital Management Inc., and its Chairman and Chief Executive Officer Arthur Samberg for insider trading in Microsoft Corp. securities.
The ex-wife of a former Microsoft Corp. employee could be eligible for a $1 million bounty for helping U.S. regulators impose one of the largest-ever insider trading fines against Arthur Samberg’s Pequot Capital Management Inc.
Lenders could lose $168 billion if banks sell loans into the Public-Private Investment Partnership at market prices instead of their balance-sheet valuation, Jamie McGee and Margaret Chadbourn of Bloomberg News report, citing estimates in regulatory filings.