hypo venture capital zurich management news: June 2011

Monday, June 20, 2011

Hypo Venture Capital Zurich: INVESTING MONEY FOR 2011 AND BEYOND – BEST INVESTMENT STRATEGY

http://www.widepr.com/press_release/13419/hypo_venture_capital_zurich_choosing_among_contradictory_financial_advises.html

Generally there can be a number of considerations being set into print, in to blogs as well as in to television programs concerning how to invest currently.

Generally there can be a number of considerations being set into print, in to blogs as well as in to television programs concerning how to invest currently. Comparable to our politics, it appears as if we’re as divisive as always about the economic climate, and what exactly that suggests for your cash.
Here at Hypo Venture Capital we are committed to offering our clients access to the latest and broadest range of financial services and products on the market. We know that choosing the right strategy, the right investment and the right product is no easy task in this day and age! Whether its advice, investments or financial planning we are here to answer all your questions and facilitate all your financial needs.
How should you decide between your various types of information? Precisely how did you know what exactly is suitable? The following are things to consider that might assist you :
#1 Most of anything you find is actually from a trader’s point of view
In case you watch CNBC or perhaps examine a variety of articles on the internet, a lot of what you notice is often a short-term emphasis. The main issue with the character of the investor is to go after a momentum... If something is heading right up, you should buy it. Man, that’s a detrimental concept that is actually, and also what you don’t usually reveal often most of these specialist “traders” are purchasing using one foot out of doors. The precise most certain manifestation of an opportunity in the trend, and they’re right out of the situation.
You may make your cash dealing. Great number of people does. However, it is likely you won’t. In case supplementary investments on the ends of your account - generally including securing the best principal positions . Together with in any event, investing is definitely a small section of whatever you might. I’m simply not suitable at it, plus honestly, I don’t observe each second of the market daily nor desired to.
Ensure that you realize in which the viewpoint is relating to investing versus trading whenever you’re hearing exactly what an individual claims.
#2 - If you're not a trader, normally a perma-bull
Another main group will be the perma-bulls. The enthusiasm for your ever-increasing expectations is usually the belief that they benefit any Wall Street determined by everyone purchasing shares. That may be the alternative party you need to be truly mindful after you hear all of them.
These are the basic individuals who stated your world 20,000 in 2010. They will in addition declare your financial state will undoubtedly proceed rising as well as Fed money are able to leave your easy-monetary plans these days. May be these individuals are completely wrong? Probably, maybe not, yet maintain their own impression within perspective.
#3 - How about the perma-bears?

Several accuse us to be perma-bears. Very well, we began our site 2009, therefore a two year period horizon can be virtually good enough time for you to recognize regardless of whether I’m a perms-bear. The fact is no I’m definitely not.
I’m bearish for the public. People are likely to think it is significantly hard to take care of the quality of life that they’ve come to be acquainted.
Just what I’m growing about may be the possibilities forward the intelligent, hard-working, as well as progressive section of our society (that is a very small portion of society). Is usually a marvelous factor. Volatile can easily equal affected investments. We anticipate the actual approaching future very much.
#4- Disregard the distractions, keep the actual developments that you understand are working
There’s a great deal of disturbance inside structure. Significantly from it can be from your first two items above. The actual fact is always you'll want to attempt to prevent most of it out, while focusing to the long-term, multi-year developments you are sure of within position. These kinds of trends that you desire being subjected to, irrespective of short-term variations.
The greatest development we will have within coming years is what we pointed out: the conventional of just living can decrease for the people in this nation. The idea requires going several years ago, even so it was postponed by estate plus a substantial increased debts. Your government is intending to relieve this method through pulling out all over decades instead of individuals having to make medication abruptly. You actually may claim when it is a correct approach, however, if you’re completely honest, you can’t reason that this can be in fact taking place.
The alternative significant craze that we consider will be strongly available would likely currency will likely be debased. The particular breaks within the financial reserve currency are provided regularly since economies in the international marketplace maintain broadcast the entire move away from this. That isn’t a great instantly occurrence, however painstaking damage. In the mean time, you’re Fed money to finance our government to avoid the bond industry smashing the government with additional credit charges. Possibly when formal QE halts, that deterioration from the dollar won't cease.
Wherever individuals get perplexed is the place that they evaluate the idea for the similar money and declare dollars strength. A couple of foreign currencies in order to decrease the value of one another will not one particular staying completely strong, but merely rather powerful contrary to the other. This specific is the reason why you need to consider the cost of gold (along with hard assets). This approach informs you what's actually occurring. Nowadays, the actual S&P cut perspective to “negative” the dollar increased along with the cost of gold went up. ? Since your money increased against other currencies as well as gold essentially went up by towards most currencies. Which usually confirmed complete strength and which usually demonstrated relative power?

Hypo Venture Capital Zurich: INVESTING MONEY FOR 2011 AND BEYOND – BEST INVESTMENT STRATEGY

http://www.moneybuzz.org/hypo-venture-capital-zurich-investing-money-for-2011-and-beyond-best-investment-strategy.html

Here at Hypo Venture Capital we are committed to offering our clients access to the latest and broadest range of financial services and products on the market. We know that choosing the right strategy, the right investment and the right product is no easy task in this day and age! Whether its advice, investments or financial planning we are here to answer all your questions and facilitate all your financial needs.Investing money in 2011 through 2012 may require that most people change their thinking about the best investment strategy. Traditional investing strategy for average folks suggests an asset allocation of over 50% to stock funds, about 40% to bond funds, and the rest to perhaps a precious metals (gold) fund for added diversification. In the world of investing money, times are changing; especially for bonds and gold.In putting together your investment strategy one of the best ways to focus is to consider the flow of money between asset classes over the recent months and years. In the investing world money always goes someplace, and it tends to concentrates in different areas at different times. When money floods an asset class like bonds or gold, prices can rise dramatically. When it makes a grand exit prices can tumble. Extremes in price movements should grab your attention when investing money for 2011 and beyond, especially when you hear mention of the word “bubble”.In the months leading up to 2011, investors both large and small were investing money heavily in bonds and in precious metals like gold. This investment strategy was among the best as prices in both asset classes climbed to record or near record highs. Millions of everyday folks threw money at bond funds and some discovered gold funds. The question going forward: are prices at extremes, and is either investment a bubble waiting to deflate or burst? Let’s look at bonds first.Investors have flooded bond funds with an additional net inflow of hundreds of billions of dollars while pulling money out of stock funds in recent times. The bond funds have then taken this money and bought more bonds, in the process sending bond prices up to extremes. This has pushed bond yields (interest income as a percentage) to near-record lows. Looking back to 1981, the 10-year Treasury note (intermediate-term government bonds) hit a high yield of 14%. Today they’re paying less than 3%, near historical lows. The problem: investing money in bonds and bond funds carries a significant risk today. When interest rates go UP, bond prices (values) will FALL. If there is a bubble here it will deflate as investors rush to pull money out of bonds.The best investment strategy for 2011 in the bond department is to avoid long-term bonds and funds that invest in them because they will get hit the hardest when rates go up. Who wants to get stuck at a low fixed interest rate for 20 or so years when rates are going up? Go with shorter-term funds holding average bond maturities of 7 years or less. DON’T chase bond funds; consider cutting back your holdings. Investing too much money here has too much downside risk associated with it unless you’re willing to speculate that interest rates and our economy will stay depressed well beyond 2011.Now let’s get a perspective on gold prices that recently glittered at an all-time high of over 00 an ounce. In 1999 gold sold for as little as 3. Investing money in 2011 and beyond in gold or gold funds at these prices is as much speculation as it is hedging against disaster. The best investment strategy here is to take some profits if you have them. If you missed the boat in gold, wait for the next one. The price of gold has been unstable at best since the yellow metal resumed trading in the U.S. in the mid-1970s. Don’t view gold as the best growth investment. View it more as a speculative bubble with risk outweighing future profit potential. The price would have to go up 00 an ounce in order to double your money at recent prices. This is not a likely scenario.Now that you’ve cut back on bonds and precious metals, what’s the best investment strategy for the rest of your money? Unless you’re over the age of 80 and/or extremely risk adverse, you need stocks in your investment portfolio. There hasn’t been a real bubble in the stock market since 1999 when the Dow peaked and closed the year at 11,497. In late 2010 that ever-popular stock market barometer was fighting just to get back to its 1999 highs after the shock delivered to it by the financial crisis of 2008.In 2011 and beyond investing money in stock (equity) funds should focus on both those that invest in domestic (U.S.) stocks, and in international funds that invest money abroad as well. You need all of the diversification you can get. Go with funds that invest money in large well established companies with a good record for paying dividends. These are less risky and volatile than growth funds that pay little if any dividends. Plus, good reliable income from either dividends or interest is hard to come by these days.For the rest of your money you need good safe investments that pay interest. Here we face another of today’s extremes: historically low interest rates at the bank and in the money markets. Even though you’re looking at less than 1% a year in interest, you’ve got to go with the flow and continue investing money here because these are truly the best safe investments. The best investment strategy for mutual fund investors: money market funds. When rates go back up your money market fund yields will automatically follow and go up accordingly.The best investment strategy for 2011 and beyond will be to diversify broadly, leaning toward a defensive posture. Investing money across all of the investment classes mentioned is still the key to long term success as an investor. Sometimes like now it’s better to be more conservative when investing, and live to chase opportunity another day.Want to know more?Hypo Venture Capital Zurich, Switzerland is an independent investment advisory firm which focuses on global equities and options markets. Our analytical tools, screening techniques, rigorous research methods and committed staff provide solid information to help our clients make the best possible investment decisions.

Hypo Venture Capital Zurich: INVESTING MONEY FOR 2011 AND BEYOND – BEST INVESTMENT STRATEGY

http://www.moneybuzz.org/hypo-venture-capital-zurich-investing-money-for-2011-and-beyond-best-investment-strategy.html
Here at Hypo Venture Capital we are committed to offering our clients access to the latest and broadest range of financial services and products on the market. We know that choosing the right strategy, the right investment and the right product is no easy task in this day and age! Whether its advice, investments or financial planning we are here to answer all your questions and facilitate all your financial needs.Investing money in 2011 through 2012 may require that most people change their thinking about the best investment strategy. Traditional investing strategy for average folks suggests an asset allocation of over 50% to stock funds, about 40% to bond funds, and the rest to perhaps a precious metals (gold) fund for added diversification. In the world of investing money, times are changing; especially for bonds and gold.In putting together your investment strategy one of the best ways to focus is to consider the flow of money between asset classes over the recent months and years. In the investing world money always goes someplace, and it tends to concentrates in different areas at different times. When money floods an asset class like bonds or gold, prices can rise dramatically. When it makes a grand exit prices can tumble. Extremes in price movements should grab your attention when investing money for 2011 and beyond, especially when you hear mention of the word “bubble”.In the months leading up to 2011, investors both large and small were investing money heavily in bonds and in precious metals like gold. This investment strategy was among the best as prices in both asset classes climbed to record or near record highs. Millions of everyday folks threw money at bond funds and some discovered gold funds. The question going forward: are prices at extremes, and is either investment a bubble waiting to deflate or burst? Let’s look at bonds first.Investors have flooded bond funds with an additional net inflow of hundreds of billions of dollars while pulling money out of stock funds in recent times. The bond funds have then taken this money and bought more bonds, in the process sending bond prices up to extremes. This has pushed bond yields (interest income as a percentage) to near-record lows. Looking back to 1981, the 10-year Treasury note (intermediate-term government bonds) hit a high yield of 14%. Today they’re paying less than 3%, near historical lows. The problem: investing money in bonds and bond funds carries a significant risk today. When interest rates go UP, bond prices (values) will FALL. If there is a bubble here it will deflate as investors rush to pull money out of bonds.The best investment strategy for 2011 in the bond department is to avoid long-term bonds and funds that invest in them because they will get hit the hardest when rates go up. Who wants to get stuck at a low fixed interest rate for 20 or so years when rates are going up? Go with shorter-term funds holding average bond maturities of 7 years or less. DON’T chase bond funds; consider cutting back your holdings. Investing too much money here has too much downside risk associated with it unless you’re willing to speculate that interest rates and our economy will stay depressed well beyond 2011.Now let’s get a perspective on gold prices that recently glittered at an all-time high of over 00 an ounce. In 1999 gold sold for as little as 3. Investing money in 2011 and beyond in gold or gold funds at these prices is as much speculation as it is hedging against disaster. The best investment strategy here is to take some profits if you have them. If you missed the boat in gold, wait for the next one. The price of gold has been unstable at best since the yellow metal resumed trading in the U.S. in the mid-1970s. Don’t view gold as the best growth investment. View it more as a speculative bubble with risk outweighing future profit potential. The price would have to go up 00 an ounce in order to double your money at recent prices. This is not a likely scenario.Now that you’ve cut back on bonds and precious metals, what’s the best investment strategy for the rest of your money? Unless you’re over the age of 80 and/or extremely risk adverse, you need stocks in your investment portfolio. There hasn’t been a real bubble in the stock market since 1999 when the Dow peaked and closed the year at 11,497. In late 2010 that ever-popular stock market barometer was fighting just to get back to its 1999 highs after the shock delivered to it by the financial crisis of 2008.In 2011 and beyond investing money in stock (equity) funds should focus on both those that invest in domestic (U.S.) stocks, and in international funds that invest money abroad as well. You need all of the diversification you can get. Go with funds that invest money in large well established companies with a good record for paying dividends. These are less risky and volatile than growth funds that pay little if any dividends. Plus, good reliable income from either dividends or interest is hard to come by these days.For the rest of your money you need good safe investments that pay interest. Here we face another of today’s extremes: historically low interest rates at the bank and in the money markets. Even though you’re looking at less than 1% a year in interest, you’ve got to go with the flow and continue investing money here because these are truly the best safe investments. The best investment strategy for mutual fund investors: money market funds. When rates go back up your money market fund yields will automatically follow and go up accordingly.The best investment strategy for 2011 and beyond will be to diversify broadly, leaning toward a defensive posture. Investing money across all of the investment classes mentioned is still the key to long term success as an investor. Sometimes like now it’s better to be more conservative when investing, and live to chase opportunity another day.Want to know more?Hypo Venture Capital Zurich, Switzerland is an independent investment advisory firm which focuses on global equities and options markets. Our analytical tools, screening techniques, rigorous research methods and committed staff provide solid information to help our clients make the best possible investment decisions.

Hypo Venture Capital Zurich Headlines: Asia technology comes clean to provide green solutions

http://hypoventurecapital-headlines.com/2011/05/hypo-venture-capital-zurich-headlines-asia-technology-comes-clean-to-provide-green-solutions/

Many Asian companies are focusing on how best to recycle waste products
Climate change sceptics might not like to admit it, but Asia is embracing environmentally-friendly technologies.
China is spending tens of billions of dollars every year on renewable energy projects – almost twice the next biggest spender in this field, the US – while South Korea’s clean energy capacity more than tripled in 2009.

Asia is not, then, the environmental laggard some in the West would have us believe.

In fact, growth in what the industry calls the clean tech, or environmental technology, sector looks set to take off.
The figures speak for themselves.
The population of Asia is expected to grow at more than double the rate of Europe and the US in the next five years, during which time the region’s economy should grow four times more quickly than Europe’s, according to the International Monetary Fund (IMF).
This helps to explain why demand for energy in Southeast Asia should rise by 76% in the next 20 years, the IMF says.
And an increasing proportion of this energy will come from clean technologies – governments and indeed peoples demand it.

Hypo Venture Capital Zurich: Try Investing In Foreign Markets For Exceptional Profits – HypoVen

http://www.investmentobjectives.info/hypo-venture-capital-zurich-try-investing-in-foreign-markets-for-exceptional-profits-hypoven.html

Foreign markets have been mostly referred to as rising markets if anything, though a European marketplace is included. Foreign batch markets have been charity incomparable earnings than a U.S. batch marketplace for many of this decade, partly given they begin out during a reduce base. Investors unprotected to unfamiliar marketplace expansion intensity of a rising countries, can bound upon a high-return gravy train, so prolonged as they equivocate a float off a precipice that has happened mostly with rising marketplace stocks.

Here during Hypo Venture Capital Zurich, Switzerland we have been committed to charity a clients entrance to a ultimate as good as broadest operation of monetary services as good as products upon a market. We know that selecting a right strategy, a right investment as good as a right product is no easy charge in this day as good as age! Whether a advice, investments or monetary formulation we have been here to answer all your questions as good as promote all your monetary needs.

Foreign Markets Include BRIC as good as Feeder Countries

Some of a unfamiliar rising marketplace countries embody Brazil Russia, India, China, Vietnam, Taiwan, Israel, as good as even New Zealand as good as Australia can be included. Part of a captivate of multiform of these countries is that their altogether marketplace worth is significantly reduce than a US marketplace value. For example: trade a 5 dollar batch can suggest incomparable commission earnings formed upon a given collateral investment than a $50 batch given of a inlet of incomparable numbers contra not as big numbers.

Smaller numbers can enlarge some-more fast upon a commission basement than incomparable numbers with a given turn of investment. This actuality alone allows rising markets to suggest incomparable commission returns. For example, a complete US batch marketplace is valued over $21 trillion, where China’s complete batch marketplace is valued during we estimate $1.6 trillion. For a $21 trillion marketplace to stand in in worth to $42 trillion is a significantly some-more formidable attainment than a $1.6 trillion marketplace doubling to $3.2 trillion.

Foreign Emerging Markets with Manufacturing as good as Agricultural Power

Meanwhile a rising countries all have poignant rural prolongation as good as flourishing prolongation production. The turn of comprehensive prolongation is not as vicious as a expansion rate of a prolongation of assorted industries, both rural as good as manufacturing; given batch markets in a unfamiliar marketplace or an rising marketplace have been a destiny presaging device.

Foreign rising markets suggest poignant distinction intensity in a batch locus given their populations have been growing, mostly during a rate stand in or three times of a grown Western world, with a difference of Russia, additionally given they have been prolongation as good as flourishing agriculturally. Brazil, for example, has turn a single of a heading producers of cotton, corn, as good as soy even displacing a U.S. in a little markets.

One of a hurdles of investing in rising markets or unfamiliar markets is that these markets have significantly aloft marketplace sensitivity or risk. One process mitigating this risk is to occupy 15% stop loss, in all marketplace investments. With this stop detriment used for unfamiliar marketplace investing a extensive distinction intensity can be enjoyed whilst tying a contingent crashes that trouble unfamiliar rising markets frequently. Additionally, banking waste used to be a usual complaint with unfamiliar marketplace investing. The dollar for example has been shifting opposite many currencies, a worth of a unfamiliar banking has combined to a earnings upon unfamiliar marketplace investing. Ultimately, depending upon that markets we have been investing, with banking fluctuations it is probable to have income both upon a investment as good as upon a acclimatisation behind to your own currency.

About a Author:
Stephen Holmes is a Senior Vice President during Hypo Venture Capital, with knowledge in a Financial Services attention travelling over 25ys as good as 3 Continents. Stephen now directs a Portfolio Risk Management Group after relocating from a Equity Derivatives Research Group 3yrs ago. He has a PhD in Experimental Particle Physics as good as has been operative in a pick investment attention given 1992. His interests embody exemplary music, celebration of a mass as good as he mostly is a guest orator during corporate functions with a concentration upon Technology in Society.

Hypo Venture Capital Zurich Headlines: Bank and Energy Shares Reflect Wall Street’s Unease

http://hypoventurecapital-news.com/2011/06/hypo-venture-capital-zurich-headlines/

Stocks fell for a fourth consecutive day on Monday, led lower by banks and energy companies. Persistent concerns about a slowing economy also weighed on the broader market.

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The Dow Jones industrial average fell 61.30 points, or 0.5 percent, to 12,089.96. The Standard & Poor’s 500-stock index dropped 13.99 points, or 1.1 percent, to 1,286.17. It was the first closing below 1,300 for the S.& P. index since March 23. The Nasdaq composite fell 30.22, or 1.1 percent, to 2,702.56.
All 10 industry groups in the S.& P. index fell. Energy and financial companies each lost 2 percent.
The nation’s biggest banks declined 2 percent or more, after a speech by a Federal Reserve governor on Friday indicating that banks may be required to set aside more cash to cover potential losses. If the proposal were to take effect, banks would be left with less money to lend, which could hurt earnings. Citigroup and Bank of America each lost about 4 percent, and JPMorgan Chase shares dropped 2.5 percent.
Airline stocks fell after an industry group cut its profit estimates for this year by half. The group blamed disasters in Japan, unrest in the Middle East and higher fuel prices. Delta Air Lines and AMR, the parent company of American Airlines, each lost more than 3 percent.
Investors also remained focused on the grim unemployment report released last Friday, which sent stocks sharply lower that day.
“Wall Street came back, quickly and very strongly, at a time when the populace was still weak in terms of low job growth and low wage growth,” said Daniel Penrod, a senior industry analyst at California Credit Union League. “That appeared to be overly optimistic.”
The Labor Department reported that employers added only 54,000 new workers in May. The unemployment rate inched up to 9.1 percent from 9 percent.
Pending regulation and lawsuits also affected some individual companies. Lorillard, the tobacco company, fell 7 percent, the most of any company in the S.& P. 500 index. Investors are concerned that the Food and Drug Administration could ban menthol cigarettes. The company makes the most popular menthol cigarette, Newport.
The oil field services company Halliburton fell 4.5 percent after the Supreme Court ruled that shareholders could pursue a class-action lawsuit that claimed the company had inflated its stock price.
Interest rates were steady. The Treasury’s benchmark 10-year note fell 3/32, to 101 3/32, and the yield was 3 percent, up from 2.99 percent late Friday.

Hypo Venture Capital Zurich Headlines: Former SAC Trader Calls Defendant’s Insider Tips ‘Perfect’

http://hypoventurecapital-research.com/2011/06/hypo-venture-capital-zurich-headlines-former-sac-trader-calls-defendant%E2%80%99s-insider-tips-%E2%80%98perfect%E2%80%99/

Winifred Jiau, a Silicon Valley technology worker, was known to most of her peers as Winnie.
But across the country on Wall Street, three young, successful hedge fund traders nicknamed her “the Poohster,” a not-so-subtle reference to the fictional bear.
On Monday, one of those hedge fund traders, Noah Freeman, testified that “the Poohster” provided him and two friends with “absolutely perfect” information about coming earnings announcements from technology companies.
Ms. Jiau is on trial in Federal District Court in Manhattan on charges of passing secret corporate information to Mr. Freeman and others. She is a former consultant at Primary Global Research, a so-called expert network firm that connects Wall Street traders to industry experts, including public company employees. These firms are a focus of the government’s vast investigation into insider trading at hedge funds.

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If convicted, Ms. Jiau faces up to 25 years in prison.
Mr. Freeman is a main cooperating witness in the case against Ms. Jiau. He not only gave the government information about Ms. Jiau that led to her arrest, but also provided the authorities with evidence that led to the conviction of his two fellow traders and former friends, Donald Longueuil and Samir Barai. The three traders have all pleaded guilty to insider trading crimes.
A former trader at Sonar Capital and SAC Capital Advisors, Mr. Freeman said that he and his co-conspirators paid Ms. Jiau about $120,000 a year for illegal stock tips that earned him and his funds tens of millions of dollars in trading profits. Ms. Jiau, a former employee at Taiwan Semiconductor and Nvidia, had deep contacts inside a number of semiconductor companies.
Still, “despite her information being very, very accurate, she was very difficult to work with,” said Mr. Freeman, 35, a Harvard graduate. Neither of his former employers has been accused of any wrongdoing.
Among the issues he said that he had with Ms. Jiau: she could be rude, she was hard to contact and she often canceled meetings at the last minute. But a focus of his testimony Monday was on Ms. Jiau’s persnickety behavior regarding the gifts that Mr. Freeman and his co-conspirators lavished on her.
In addition to the cash compensation, Mr. Freeman gave Ms. Jiau presents, including three iPhones. He also said the traders bought her a gift certificate to a clothing boutique “that we canceled at her request and replaced with a $300 gift certificate to the Cheesecake Factory.”
And then there were the lobsters. In November 2007, Ms. Jiau asked Mr. Freeman, who was based in Boston, for 12 lobsters. She wanted to serve them on Thanksgiving.
“I remember this because it was an unusual time to serve lobsters,” said Mr. Freeman, who mentioned that he had a family home in Maine.
A prosecutor then showed Mr. Freeman an e-mail that he had sent to his secretary with the subject line, “Can you please send lobsters to Winnie?”
“I know you hate her but we have to do this,” he wrote.
“Sure thing,” the secretary, Annie Gallin, replied. “I hope she gets sick from the lobsters.”
“Me too (but not dying, just suffering),” Mr. Freeman responded.
Ms. Gallin dutifully sent a dozen lobsters from the Fresh Lobster Company in Gloucester, Mass., across the country to Ms. Jiau, who lives in Fremont, Calif. But there was a slight problem.
“Typical Winnie to leave 12 lobsters to die at FedEx,” Ms. Gallin wrote in a follow-up e-mail. “She has no heart.”
She did, however, like to serve lobster on the holidays. The next month, Ms. Jiau asked for another dozen lobsters for Christmas, a request with which Mr. Freeman dutifully complied.
In his testimony, Mr. Freeman also said he circumvented compliance rules at SAC Capital that prohibit its traders from talking to employees of public companies when he struck a compensation arrangement with Ms. Jiau.
The news that SAC had a specific ban against discussions with public company employees comes amid a flurry of negative headlines about the hedge fund. Federal authorities are investigating trading by Steven A. Cohen, the billionaire investor who heads the fund, as well as the fund’s trading surrounding a number of large mergers-and-acquisitions announcements.
Mr. Freeman also testified that SAC terminated him in January 2010 because of poor performance. “My financial results were not as good as they expected them to be,” he said.