Monday, 20 October 2014
Last updated 6 hours ago
Apr 1 2010 | 8:39am ET
A Las Vegas hedge fund—which may or may not even exist—is being accused of defrauding an investor of $8 million.
The managers of the Black Card Group collected the money from the Urata family, presenting the fund as an “exclusive” and “really safe” investment vehicle, the family alleges. Now, the Uratas say, they’re not even sure that Black Card exists at all. If it does, “the managers were not competent to manage an investment fund,” they allege.
Those managers are Ethan Conrad, Harrold Pressly and Frank Sim, according to court documents. The lawsuit accuses them of negligence, breach of contract and misrepresentation.
The Uratas are seeking $8.2 million in damages.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...