HedgeCo.net (West Palm Beach) – Hedge fund manager OakRun Capital announced the appointment of Mark Potter and Brian Long, both experienced Asia investment executives. The expansion is to build strategic relationships with local institutional investors and provide access to its hedge funds and investment products, including the new OakRun Short Term Income Fund.

Potter, an experienced investment executive based in Singapore, joins the firm as Director of Asia Institutional Marketing and Distribution. Long, a senior level investment professional based in Singapore, has been named Director of Asia Institutional Relations.

The OakRun Short Term Income Fund charges a 1% management fee and a 10% incentive fee with a $1MM minimum investment requirement, it returned 0.73% (9.26% Annual Yield) for June 2009 and paid out its third quarterly dividend.

“Asia is a natural market for OakRun Capital," Potter explained, "Together, the team has extensive experience in the region, speaks several local languages and has built very strong personal and institutional relationships."

"The flagship Short-Term Income Fund has received incredible initial feedback from institutions. There are very few products or funds, if any, like the OakRun Short Term Income fund that can provide investors with high credit quality, superior performance, and stable income distributions. The fund is invested in highly liquid instruments with substantially higher yields than comparable investments with duration of less than 45 days,” Portfolio Manager, Arturo Neto, CFA, said.

Alex Akesson

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Democrat and Chronicle – The former chairman of the state Liberal Party was accused Wednesday of receiving at least $800,000 from the state pension fund as a kickback for helping elect former Comptroller Alan Hevesi and Hevesi’s son.

Raymond B. Harding, who for decades was the face of the now-defunct party, was charged with multiple felonies in violation of the Martin Act, the state securities-fraud statute, Attorney General Andrew Cuomo announced.

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Tags: alan hevesi, attorney-general-andrew-cuomo, comptroller, decades, democrat and chronicle, elect, felonies, harding, investment executive, liberal party, martin act, securities fraud, state securities, state-pension-fund

New York Times – A hedge fund executive has pleaded guilty to securities fraud and is cooperating with New York State Attorney General Andrew M. Cuomo’s investigation of corruption at the state pension fund, according to court records unsealed in Manhattan on Tuesday.

Barrett Wissman, a Dallas business associate of the Hunt family, is the first investment executive to be implicated in the inquiry and will pay $12 million over several years as part of a settlement under his felony plea, people with knowledge of the investigation said.

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Tags: andrew m cuomo, barrett wissman, business associate, corruption, court records, dallas business, felony, hunt family, investment executive, manhattan, new york state attorney general, new york times, new-york-state, plea, securities fraud, state attorney general, state-pension-fund, york state attorney general andrew