SEC Seeks, Gets Information From Hedge Fund Yorkville

Aug 25 2010 | 1:49pm ET

The Securities and Exchange Commission has sought—and received—information from a New Jersey hedge fund that specializes in private investments in public equities.

Yorkville Advisors told investors that it had complied with the regulator’s request. The 2009 audited financial statements for the Jersey City firm’s flagship hedge fund said the SEC asked it to “supply certain information” last August, but did not indicate what information the regulator sought or what the SEC was investigating, if anything. Yorkville, which says it manages $864 million, attributed the SEC request to increasing regulation and oversight of hedge funds, Forbes reports.

The YA Global Investments fund—formerly called Cornell Capital Partners—reported returns of 6.04% last year and 6.22% in 2008.

Yorkville also cancelled a conference call about its financial statements, scheduled for yesterday.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note