Tag Archives: investment-adviser


HMC Hedge Fund Founder Grebow Sentenced to Four Years in Fraud

Bloomberg – Bret Grebow, co-founder of hedge fund HMC International LLC, was sentenced to four years in prison for defrauding investors out of $7.8 million in what prosecutors said was “a classic Ponzi scheme.” Grebow, of Highland, Florida, was also […]

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 […]

Diamond Fund Set to Launch

KPR Capital Limited announces the launch of the KPR Diamond Fund. The fund offers investors a unique access to physical diamonds capitalising on the price appreciation of top quality colourless diamonds.    The Fund aims to provide returns which are […]

UBS to Pay $200 Million to Settle SEC Charges

New York (HedgeCo.Net) – UBS AG will pay $200 million to settle the SEC charges that the Swiss Bank acted as an unregistered broker-dealer and investment adviser. According to the original compliant, UBS helped certain U.S. individuals to set up […]

Arbitrage Lures Gabelli After 920 Hedge Funds Fail

Bloomberg – Mario Gabelli is buying Wyeth to book a 13 percent profit from its takeover by Pfizer Inc. Managers at Cohen & Steers Inc. are scooping up closed-end funds trading at a 16 percent discount to the value of […]

Hedge Fund Manager Defended by Madoff’s Lawyer Gets 40 Months

Bloomberg - A hedge fund manager who used the same defense lawyer as Bernard Madoff received a sentence that was a third of the maximum possible after he was convicted of defrauding investors out of $10 million. Vincent Montagna remains free […]

Arbitrage Lures Gabelli, Huntington After 920 Hedge Funds Fail

Bloomberg – Mario Gabelli is buying Wyeth to book a 13 percent profit from its takeover by Pfizer Inc. Managers at Cohen & Steers Inc. are scooping up closed-end funds trading at a 16 percent discount to the value of […]

Maxam hedge fund sues auditors

Reuters – Maxam, an investment adviser based in Darien, Connecticut, relied on the auditors for their expertise in examining Madoff’s firm, according to the lawsuit filed in Connecticut Superior Court in Fairfield County. The lawsuit, though, said the auditors issued […]

Grand jury: Ind. man deliberately crashed plane

Philadelphia Inquirer – A federal grand jury indicted an Indiana investment adviser Tuesday on charges of deliberately crashing his small airplane in the Florida Panhandle to try to fake his own death as part of a plan to escape financial […]

If You Have the Stomach for Hedge Funds….

CNBC – The hedge fund industry has been battered this year, suffering heavy losses in part due to redemptions by investors as they asked for their money back amid the market turmoil. According to a Singapore-based hedge fund research firm […]

Nigeria: Seek Alternative Investments Outside Stock Market

AllAfrica.com – While the bank chiefs and the Central Bank of Nigeria have consistently advised Nigerians to keep faith with the ailing Nigerian Stock Exchange market, an investment adviser is suggesting that Nigerian investors should begin to seek alternative ways […]

SEC Publishes Text of Rand Report on Investment Adviser

Washington, D.C., Jan. 3, 2008 – The Securities and Exchange Commission has received and posted on its Web site the text of the RAND Corporation’s final report on practices in the investment adviser and broker-dealer industries. The Commission has been […]

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