Wednesday, 17 September 2014
Last updated 17 hours ago
Sep 14 2006 | 12:00am ET
A phony hedge fund manager in Kansas has been sentenced to 18 months in prison for defrauding investors out of $1.7 million.
Scott Brian Kaye was convicted of swindling 17 investors in his TrueHedge Capital Partners, allegedly using a half-million of their dollars to build himself a swanky house in Wichita and losing most of the rest on speculative investments.
When he gets out of jail, the sentencing judge recommended he pay restitution as part of his two-year supervised release period.
No word on what he’ll do to make a dent in that debt.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?