Wednesday, 1 April 2015
Last updated 13 min ago
Apr 4 2012 | 2:25am ET
Tommy Tuberville was a victim of his own hedge fund, the Texas Tech University football coach has said as he seeks to have a lawsuit against him dismissed.
Tuberville said he lost the $450,000 he invested in TS Capital, which he set up with John David Stroud. Tuberville, Stroud and TS were sued by investors who claimed that the two men and their firm lied to clients and used the firm as a personal piggy bank.
Tuberville has previously denied the allegations, noting that he never solicited any of TS's investors and was not involved in the day-to-day operations of the Auburn, Ala.-based firm. He went even further in the motion to dismiss, saying that none of the investors suing him offer "any assertion—much less any facts—that Coach Tuberville's statements… induced any of their investments."
The Commodity Futures Trading Commission said last month that it is investigating Stroud, but did not mention Tuberville.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…