Background Information:
Manger: Hedge Fund Research, Inc. (HFR, Inc.)
Website: www.hfr.com
Location: Chicago, IL
Minimum Asset Size: HFRI ($50 million), HFRX ($50 million)
Important Personnel: Joseph G. Nicholas (Founder/Chairman)Kenneth J. Heinz (President/CFA)
About HFR: (HFR) is a research firm specializing in the aggregation, dissemination and analysis of alternative investment information. The company produces the HFR Database, the industry’s most widely used [...]
New launches rise, but remain off historical levels; Fees charged at Fund of Funds, Average Incentive Fees decline
Hedge fund liquidations fell by 50 percent in Q1 2009 from the record levels set in the prior quarter, according to data released today by Hedge Fund Research (HFR), a leading provider of hedge fund industry data. During [...]
Background Information:
Manger: 100 Women n Hedge Funds, Inc.
Website: www.100womeninhedgefunds.org
Locations: New York, Boston, Chicago, Dallas, Denver, Minneapolis, Philadelphia, Stamford (CT), London, Geneva, and Hong Kong
Association Size: 10,000+ professional women
Founded: 2001
Important Personnel: Anne Popkin (President, Chairman of the Board), Mindy M. Posoff (Vice Preisdent), Amanda Pullinger (Executive Director)
Mission Statement: 100 Women in Hedge Funds is a global [...]
Tollgrade Recommends Shareholders to Vote WHITE Proxy Card to Re-Elect Highly-Qualified and Experienced Incumbent Directors and Reject Dissident Group’s Opposition Slate
Tollgrade Communications, Inc. (Nasdaq: TLGD) today announced that it has commenced the mailing of definitive proxy materials to its shareholders for Tollgrade’s Annual Meeting of Shareholders to be held on Wednesday, August 5, 2009. Tollgrade’s [...]
Hedge Fund Manager Caught in Ponzi-Like Scheme Defrauding Investors
On June 24th, 2009, the SEC today charged Moises Pacheco of Advanced Money Management, Inc. (AMM) and Business Development & Consulting Co. (BD&C) with operating a Ponzi-like scheme through five hedge funds. The SEC complaint alleges that Pacheco, AMM, and BD&C violated the securities registration and antifraud [...]
Former MA Investment Adviser Sentenced to Ten Years for Defrauding Investment Advisory Clients
On May 14th, 2009, Amit Mathur was sentenced to ten years in federal prison on federal mail and wire fraud for defrauding his investment advisory clients. The Commission filed its action against Mathur and his advisory firm (Entrust Capital Management) on April 12, [...]
SEC Issued Order Against WealthWise, LLC and Jeffrey A. Forrest For Violations of the Securities Act
On May 15th, 2009, theSEC issued an order of permanent injunction against defendant Jeffrey A. Forrest pursuant to the civil action entitled Securities and Exchange Commission v. WealthWise, LLC, et al. The orrder revokes WealthWise’s registration as an investment adviser [...]
Court Orders Disgorgement and Prejudgment Interest Against Defendant Michael Lauer
On May 19, 2009, the U.S. District Court of the Southern District of Florida entered an order requiring Lauer to disgorge all money he ultimately received, based on the fraudulent conduct he demonstrated in his hedge fund scheme.
The following SEC release reprinted in full, can be [...]
SEC Charges Invest Relations Account Executives for Tipping Confidential Information
“Insider trading” refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security. Insider trading violations may also include “tipping” such information, securities trading by the [...]
President of MFA Issues Response to IOSCO’s Publication: “Hedge Funds Oversight: Final Report”
Managed Funds Association (MFA) President and Chief Executive Officer Richard H. Baker, issued the following statement in response to the International Organization of Securities Commissions’ (IOSCO)Technical Committee publication today of Hedge Funds Oversight: Final Report.
“MFA shares the concerns of regulators around the world [...]