Hedge Fund of the Year’ Reportedly Got Duped by Radio Star’s Alleged Ponzi Scheme

(CNBC) The unidentified hedge fund that sports talk-radio star Craig Carton allegedly scammed out of $4.6 million was named “management firm of the year” in March, according to Sports Illustrated. The firm is Brigade Capital Management, Sports Illustrated said in its report Wednesday. Brigade has $18 billion under management, according to trade publication Absolute Return, which named it firm of the year for its strong performance in the hedge fund industry.

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