Tuesday, 16 September 2014
Last updated 3 hours ago
Jul 21 2008 | 7:36am ET
Two indicted former Bear Stearns hedge fund managers may face new charges, prosecutors said Friday.
The investigation into the collapse of Bear’s High-Grade Structured Credit Fund and a riskier, more highly levered sister fund, is continuing, Assistant U.S. Attorney Patrick Sinclair said in court, and that could lead to further charges against Ralph Cioffi and Matthew Tannin. Any new charges would by filed by the early fall, he added.
Cioffi and Tannin were arrested and charged last month with conspiracy and securities fraud for allegedly misleading investors in the two funds, which collapsed last summer, costing investors $1.5 billion. Tannin faces up to 20 years in prison if convicted, while Cioffi, who was also charged with insider trading, faces up to 40 years. Both men pleaded not guilty and are currently free on bail.
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…
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