Thursday, 26 November 2015
Last updated 11 hours ago
Jun 14 2013 | 10:04am ET
The Commodity Futures Trading Commission has sued an Arizona hedge fund manager for sending bogus statements to his clients.
Thomas Hampton raised about $5.2 million in 2010 and 2011 for a commodities hedge fund, trumpeting its profits to investors. The only problems were, Hampton Capital Markets was regularly losing money and Hampton himself had failed to register as a commodity pool operated.
According to the CFTC, Hampton defrauded at least 72 people.
The regulator said it is seeking disgorgement, restitution and fines, as well as a trading ban.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…