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June 30, 2006

Hedge-Fund Trader Charged With Fraud

Hedge-fund trader Bret Grebow was arrested Friday and charged with operating a "Ponzi scheme" that bilked investors out of $5.8 million.

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Hedge fund Mangan & McColl to close

Mangan & McColl Partners, the local hedge fund run by John Mangan Jr. and former Bank of America chief Hugh McColl III, will close at the end of July, the firm announced Friday.

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Charlotte hedge fund Mangan & McColl to close

Mangan & McColl Partners, the local hedge fund run by John Mangan Jr. and Hugh McColl III, will close at the end of July, the firm announced today.

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1:36 pm | Mangan & McColl hedge fund closing

Charlotte hedge fund Mangan & McColl Partners, which has seen its assets decline steeply in the past year, said Friday it was shutting down by the end of July.

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Full Implications Of Hedge Fund Rule Defeat Not Yet Understood

Lawyers speculated the full impact of the overturning of the Securities and Exchange Commission 's hedge fund registration rule may not be understood for some time.

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