Sep 22 2006 | 12:00am ET
Amaranth Advisors isn’t the only one awash in bad news this week. Former SAC Capital Advisors manager Thomas Grossman’s new hedge fund is facing probes on both sides of the globe regarding alleged funny stuff.
Bloomberg News reports that prying eyes want to know what’s up with some skyrocketing stock prices in several of Aeneas Capital Management’s portfolio companies. The Malaysian Securities Commission is probing the sudden price movements—especially that of Iris Corp., whose share price soared 270% after Grossman’s Aeneas took a 20% stake in it.
The report also said the Securities and Exchange Commission is getting involved. A lawyer returning calls for Aeneas, Kenneth Breen, told the White Plains, N.Y., Daily News that “Aeneas is cooperating fully with securities regulators.”
Feb 3 2014 | 9:27am ET
In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit, which takes place on Thursday, March 6. The gala, the largest gathering that Hedge Funds Care/Help For Children holds worldwide, will bring together 1,000 hedge fund executives to raise funds to help prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…