May 16th, 2008 
Loading ...HedgeFund.Net - As a onetime mayor, Lee Skierkiewicz parlayed his standing in the community—a Cincinnati suburb named Loveland—into his next venture, a hedge fund named Prima that Skierkiewicz set up with the intention, he claimed, of making money for the people closest to him: His family and the people of Loveland.
But instead of […]
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FINalternatives - Authorities have arrested a Florida couple for swindling an elderly woman in a hedge fund scam, allegedly stealing a settlement she won after being victimized by another financial schemer.
John and Debra Morehart allegedly promised the woman they would invest her $199,000 settlement in a hedge fund. The two were aware of her settlement from […]
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Reuters - Investors continued to pour money into emerging markets private equity between January and April, raising $25 billion (13 billion pounds) and on course to top last year’s total despite a downturn in developed markets, a report revealed.
The present level of fundraising suggests a total of $75 billion for 2008. That compares with $59 […]
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CNNMoney.com - Vaalco Energy Inc. is suing its largest shareholder, alleging it and another company violated securities laws in a bid to gain seats on the independent oil producer’s board.
The lawsuit, filed Tuesday in the U.S. District Court for the Southern District of Texas, Houston Division, accuses New York hedge fund Nanes Delorme Partners I […]
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FINalternatives - It’s the letter that managers hope they never have to write and investors wish they never have to read, especially when a fund is posting good returns. But the dreadful scenario is playing out again, this time at Martello Investment Management, a $1 billion fund of hedge funds shop.
The firm has decided to close […]
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