Sunday, 28 December 2014
Last updated 2 hours ago
Nov 28 2012 | 12:59am ET
A federal judge has frozen the assets of a hedge fund and its manager after the Securities and Exchange Commission accused them of misappropriating assets and misleading investors.
The SEC sued Berton Hochfeld and his Hochfeld Capital earlier this month. The regulator said that Hochfeld had stolen some $1.3 million of the at least $6 million he raised, using some of it to buy a collection of antiques. Hochfeld, who was arrested on Nov. 9 on fraud charges, allegedly kept clients of his Heppelwhite Fund in the dark with a series of bogus account statements.
Hochfeld also allegedly violated a 2006 SEC ban from the industry—a ban that he allegedly neglected to tell Heppelwhite investors about.
A federal judge entered consent judgments against Hochfeld, his firm and his fund, froze the assets of all three and appointed a receiver.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.