Pentagon To Close After SEC Files Charges

Mar 26 2008 | 2:00am ET

In the wake of regulatory complaint against it, Pentagon Capital Management has decided to close shop.

The London-based firm told investors this week that it will wind down and return their money, the Daily Telegraph reports.

The US$1 billion fund last week was slapped with a civil complaint by the U.S. Securities and Exchange Commission, accusing it of illicit mutual-fund market-timing. According to the complaint, the alleged malfeasance took place between 1999 and 2003 in Pentagon’s former fund.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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