Beware The Beacon: Charged Fund Plays Name Game

This week, Portland, Ore.-based Beacon Rock Capital became the first hedge fund in the U.S. hit with criminal charges for deceptive mutual fund market-timing. And in what may have been a preemptive strike, FINalternatives has learned that, over the past few months, the principals at Beacon Rock have been quietly re-branding the firm, dropping the “Rock” and going with the solid (and hopefully different-enough) sounding Beacon Investment Group.