The vigilance of Madoff-wary investors has helped bring about the arrest of another part-time Palm Beach resident, the manager of an unregistered hedge fund accused of swindling an estimated $900 million from clients since 2004.
A federal judge in New York says a hedge-fund cheat is well enough to stand trial — or plead guilty — for skipping out on prison.
Voluntary rules for the hedge fund industry and structures claiming to offer investors regular access to their money have created an illusory sense of security, a prominent French academic has told delegates at an alternative investment conference in Brussels.
Fresh from a medical exam, a New York hedge-fund cheat is returning to court on charges that he skipped out on a 20-year prison sentence.
Activist hedge fund manager William Ackman is in talks with Target Corp. about naming potential directors to the discount retailer's board, according to a Securities and Exchange Commission filing on Thursday.
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