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SAC and the Strange Focus on Insider Trading

Harvard Business Review

Five years after a financial crisis that, as best anybody can tell, had almost nothing to do with insider trading by hedge funds, the two biggest post-crisis criminal crackdowns on the financial sector in the U.S. insider trading by hedge funds. Ethics Finance Government' have centered on. Bharara has not filed charges (yet?)

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Do Commodities Speculators Make Things Cost More?

Harvard Business Review

It is certainly true that investors, dismayed at the prospect of low returns for stocks and bonds for years to come, have poured money into commodities over the past decade. Markets that existed mainly for the convenience of industry have become dominated by exchange-traded funds, hedge funds, and investment banks.

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What It Will Take to Change the Culture of Wall Street

Harvard Business Review

One of the changes I document in the book is how Goldman drifted from a focus on ethical standards of behavior to legal ones — from what one “should” do to what one “can” do. In other words, in the case of a large fine, the senior management and the material risk-takers would forfeit its performance bond. Compensation Ethics Finance'