Fed up with reading about hedge-fund managers' astronomical earnings and second yachts while you struggle along on 5,000 euros a month? Well, you can indulge in a little schadenfreude - May has been a miserable month for hedge funds and their managers according to market gossip, and the tax authorities are in hot pursuit of those Cayman Island properties.
Ferro Capital is expanding its international presence with a new office in Zurich, Switzerland. The Zurich office will focus on investor relations, predominantly in Europe, and will be headed by experienced hedge fund professional Rainer Lang. Prior to joining Ferro Capital, Mr.
(New Haven-AP, May 30, 2006 4:00 PM) _ The former New York University student accused of running a seven million dollar hedge fund scam will remain in prison while he awaits his fraud trial.
Scandal-ridden group also files suit against former investors in effort to recoup profits it paid out before fund went belly up last year.
A former New York University whiz kid whose Greenwich hedge fund cost investors millions of dollars was the fall guy in the fraud, not the criminal mastermind, his attorney said Tuesday.
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