Not in trip-and-fall cases, mind you, but in disputes that are far larger, more costly and potentially more lucrative, often pitting major corporations against each other.

Mr. Fields is chief executive of Juridica Capital Management. which runs a fund that invests in one side of a lawsuit in exchange for a share of any winnings.

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Tags: capital-management, chief-executive, corporations, downturn, financial strategy, lawsuits, sarasota herald tribune, trip and fall

Sarasota Herald-Tribune – The U.S. Securities and Exchange Commission has hundreds of pages of complicated rules governing investment advisers. But the agency — under fire for failing to stop New York hedge fund manager Bernard Madoff and his alleged $50 billion Ponzi case — has yet to impose even the most basic registration requirements on thousands of managers.

Until 2006, no hedge fund managers had to register with the SEC because of a rule making those managers with 15 or fewer investors exempt from the registration requirement. The SEC interpreted that rule in an odd way: A fund can be an investor.

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Tags: bernard madoff, hedge-fund-manager, hedge-fund-managers, investment advisers, investor, investors, registration requirement, registration requirements, sarasota herald tribune, securities-and-exchange, securities-and-exchange-commission

After the Sarasota-based fund delivered a 22 percent profit in 2004, Walters pumped in another $200,000 and watched the hedge fund soar — more than 20 percent in 2005, 14.07 percent in 2006 and 15.17 percent in 2007.

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Tags: arthur, david walters, first-three-months, nadel, sarasota herald tribune, viking

New York (HedgeCo.Net) – Authorities are still searching for missing hedge fund manager and philanthropist Arthur Nadel after he vanished from his Sarasota home last week, while investors are searching for their $350 million they had tied up with him.  

According to the Sarasota Herald-Tribune, Arthur’s wife Peg filed a missing person’s report after finding a suicide-like note.  Nadel, who managed the funds called “Viking,” is already being dubbed a “mini-Madoff,” as more and more disdained investors are coming forward.

Neil Moody, President of Viking Management, issued a statement to investors on Thursday communicating that the funds appear to be gone, while maintaining that he knew nothing about it.

"Unfortunately, just yesterday afternoon we became aware of an extremely serious situation suggesting that the funds may have virtually no remaining value," Moody said.

Peg Nadel, who was very active on the charity scene with her husband, issued a statement that said she is cooperating fully with officials including the Securities and Exchange Commission.  The Nadels served on several not-for-profit boards in the Southwest Florida area and donated generously to organizations such as Habitat for Humanity and the Jewish Family & Children’s Services.

Despite 2008 being one of the worst years for hedge funds to date, investors in the Viking fund were told that the fund returned 8 percent through the end of November.

Julie Scuderi
Senior Editor for HedgeCo.Net
Email: julie@hedgeco.net

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Tags: accredited-investors, amp, artur, habitat for humanity, hedge-fund-manager, hedgeco, jewish family, missing person, peg, philanthropist, sarasota herald tribune, securities-and-exchange, securities-and-exchange-commission, serious situation, sister-sites, southwest florida, southwest florida area, yesterday afternoon