Friday, 31 October 2014
Last updated 11 hours ago
Dec 4 2007 | 12:35pm ET
The Securities and Exchange Commission has charged a Michigan hedge fund manager with lying to investors about big investment losses.
According to the regulator, Azure Bay Management’s Daniel Jones told investors that one of his funds had $2.1 million in assets. In reality, the SEC alleges, there were just $200,000 in assets left, which a federal court has now frozen.
In spite of the fund’s losses, Jones allegedly still charged investors some $135,000 in management fees.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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