Word: heller
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Benjamin J. Heller ’94, a managing director at the hedge fund HBK Investments who has known El-Erian professionally for a decade, said yesterday that El-Erian’s legacy would be his rebuilding of HMC’s internal management team in the wake of Meyer’s departure...
...securities law. Once he got his chance at the SEC in September of 2004, the rookie was handed a case involving suspicious trading activity possibly based on someone tipping off Pequot Capital Management, Inc., a $7.4 billion Westport, Conn., hedge fund, to an impending General Electric purchase of Heller Financial. That someone, Aguirre soon believed, was most likely none other than John Mack. Pequot's CEO Arthur J. Samberg, according to the Senate report, was one of the first people Mack contacted after returning from Switzerland in late June of 2001, where Mack had interviewed to become CEO of Credit...
...Mack told Samberg he wanted to invest $5 million in a closed Pequot fund, and he was also able to invest in another equity fund (Fresh Start), the only individual allowed to do so, according to the Senate report. Within days Pequot, at Samberg's direction, started aggressively buying Heller stock, while shorting GE. In a matter of a few weeks, and after the acquisition was announced on July 30, 2001, Pequot had scooped up $18 million in earnings, a performance that caught the attention of the New York Stock Exchange...
...Aguirre had first proposed, but the Pequot investigation was officially closed on November 30 of that same year. The SEC's case closing recommendation, dated November 30, 2005, states that "the staff has been unable to find any evidence that Pequot had information regarding the merger between GE and Heller before the merger was publicly announced, much less that anyone tipped Pequot or Samberg about the merger in advance of its announcement. The staff's investigation found it extremely unlikely that Mack tipped Samberg about the merger between GE and Heller, having found no evidence that Mack knew about...
...technologies for use in military products, environmental testing products, and industrial products, among others. “I think that’s one of the points of research—to get it out there and make it useful to society,” said Eric J. Heller, a professor of chemistry and physics at Harvard, who studies the theoretical science behind nanotechnology. Harvard will receive royalties from those products developed from the licensed technologies, and the University will also receive an ownership stake in Nano-Terra. Nano-Terra does not receive rights to use the technologies in biomedical...