Hedge Fund News From HedgeCo.Net


SEC Probes Fletcher Asset Hedge Fund, Wall Street Journal Says

Bloomberg – The U.S. Securities and Exchange Commission opened a probe into New York hedge fund Fletcher Asset Management as three Louisiana pension systems raised questions about its liquidity, the Wall Street Journal reported, citing a person familiar with the matter.

The public pension funds are assembling a team to examine Fletcher Asset Management’s books and financial statements after redemptions requests were met with promissory notes instead of cash, the newspaper said today, citing a statement from the pension systems.

Read Complete Article

 

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>