Tag Archives: allegations


U.S. and accused Bear managers battle over evidence

Forbes – U.S. prosecutors said on Tuesday that two former Bear Stearns Cos hedge fund managers facing trial on fraud charges are trying to impede the government’s access to documentary evidence. Lawyers for one of the accused, Ralph Cioffi, described […]

Case will throw light on funds before Bear Stearns collapsed

Daily Telegraph – The funds collapsed as billions of dollars of bets made on mortgage-backed bonds and collateralised debt obligations (CDOs) unravelled, and when the time came to try to sell some of the funds’ sub-prime mortgages, no one wanted […]

Porsche offices raided in share probe

First Post – German prosecutors are investigating executives at the sportscar firm over allegations of share-manipulation. Porsche denied any disclosure irregularities but many hedge funds and investment management firms were left wrong-footed after it made a shock announcement that it […]

Perry hedge fund settles with SEC over Mylan stake

Reuters – Hedge fund firm Perry Corp will pay $150,000 to settle accusations that it failed to report a substantial stake in Mylan Inc, purchased to support a proposed 2004 takeover of King Pharmaceuticals, the U.S. Securities and Exchange Commission […]

UPDATE: Bahamas/UK Hedge Funds Settle With SEC on Late Trading Scheme

UPDATE: HedgeCo.net (West Palm Beach) – Najy N. Nasser, Chief Investment Officer of the Bahamas/UK based hedge funds, Headstart Advisers Limited (HAL) and Headstart Fund, has agreed with the SEC to pay $17.8 million in a settlement regarding a 2003 […]

UK fund manager settles US market-timing case

Houston Chronicle – A London-based hedge fund manager and its chief investment officer have agreed to a nearly $18 million settlement resolving U.S. regulators’ allegations that one of its funds defrauded U.S. mutual funds and investors through trading practices such […]

Reputation beats returns at hedge fund Pequot

Reuters – Hedge fund industry icon Arthur Samberg’s startling decision to shut Pequot Capital shows how a firm’s reputation matters as much as its returns. For decades Samberg, who founded Pequot more than two decades ago, delivered strong performance no […]

VP Biden Hedge Fund Scandal: Why There’s Nothing Anyone Can Do To Prevent It

BNET – A hedge fund Ponzi scheme scandal is breaking in the blogosphere – and it goes right to the top of political power.  A little while ago, blogger John Hempton, who writes Bronte Capital, a finance blog, started sniffing […]

In State Pension Inquiry, a Scandal Snowballs

New York Times Blogs – The inquiry into corruption at the New York State pension fund started simply enough. Alan G. Hevesi, the former comptroller, was accused of using state workers as chauffeurs for his ailing wife. But by the […]

New York, SEC investigates Carlyle Group

SmartBrief – Carlyle Group is being investigated by New York prosecutors and the Securities and Exchange Commission for allegations that it made improper payments to get investments from the state’s pension fund. The payments allegedly were made to intermediaries and […]

Hedge-Fund Investors Hire Private Eyes to Avoid New Madoffs

Bloomberg – Randy Shain said he wasn’t stunned when hedge-fund managers Paul Greenwood and Stephen Walsh were arrested last month for allegedly misappropriating $554 million in client funds. A probe three years ago by his First Advantage Investigative Services LLC […]

MAG Capital and owner settle U.S. SEC charges

Reuters – Investment adviser MAG Capital and its owner settled U.S. regulators’ claims that it took warrants from three hedge funds it advised without compensating them, the U.S. Securities and Exchange Commission said on Tuesday. The Los Angeles-based investment adviser […]

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