- MD Investor relations
- Sales Account Executive
- Hedge Fund CFO/Managing Partner
- Institutional Sales - Prime Brokerage
- Managing Director
In sickness, health and hedge fund fraud: A husband-and-wife pair has been ordered to pay more than $3 million for allegedly defrauding investors in their hedge fund.
A federal judge in Michigan has ordered Ty and Monette Klotz to pay $1.8 million in restitution and $1.3 million penalties. The Commodity Futures Trading Commission accused the couple of running a Ponzi scheme, promising investors in its Aurifex Commodities Research and Aurifex Research funds 20% monthly returns.
In fact, according to the CFTC, the Klotzes used the more than $2 million raised from 352 investors to pay other investors, as well as to fund some high living. Investor money was allegedly used to pay for his-and-hers Rolex watches, home renovations, medical treatments and cars.
Quantitative hedge funds that were posting miserly returns just last summer are now taking it to the market. More...
By Mesh Tandon -- While central banks have injected $3 trillion into the global economy in the past two months, high yield corporate credit markets are still in a state of decline. More...