Fidelity Whitepaper: Donating Special Assets
Service Providers
K Squared Manager Sued For Fraud
August 12, 2008
The manager of a New York-based hedge fund shop has been sued by his former partner for fraud.
Chris Kane, who runs K Squared Funds, was accused of fraud, breach of contract, unjust enrichment and bad-faith dealings with his former partner, with whom he split two years ago. According to the suit, filed in Manhattan state court, Kane falsely attributed income to his partner, leaving the latter with the tax bill, HedgeCo reports.
According to his former partner, Kane hid information about the value of the funds from him.
- Share:
-
-
-
-
-
-
-
-
-
-
Print This
Send This
ReprintsMore News
- Long/Short Funds Fall, Macro Funds Rise In June
- Och-Ziff Assets Drop As Funds Rise In June
- Pension Adviser Settles N.Y. Kickback Case
- Tahan Capital Readies Asian Credit-Focused Hedge Fund
- Hedge Funds To Benefit From Managed Account Technology
- SEC Ignored Internal Madoff Whistleblower, Too
- SEC Inspector General Favors New Hedge Fund Rules
- Report: Ruth Madoff Won’t Be Criminally Charged
- Hedge Fund COO Accused Of Stealing $250K
- Hedge Fund Manager’s Mansions Raided
- TCI Co-Founder Degorce To Launch Hedge Fund
- Facing Madoff Lawsuits, Merkin Sells Art Collection
- Collapsed Hedge Fund Basis Moves Forward With Liquidations
- Who Fans Launch Sovereign Debt Hedge Fund
- Global Custodian: Credit Suisse Named Top Prime Broker
Upcoming Events
This Week's Most Viewed
Guest Contributor
Hedge Funds To Benefit From Managed Account Technology
By Gurvinder Singh and Bijesh Amin -- Historically, despite all the cited benefits (liquidity, transparency, control over assets, independent pricing etc.), the managed account model has not attracted the best managers. More...
- How Much Transparency Do Hedge Funds Need?
- What Obama’s Regulatory “Overhaul” Means for Private Funds
- Private Equity Focus: Procurement 101 With A Twist
More guest contributors
Cleantech Corner
Former UBS Exec Founds Cleantech Investment Bank
Jeffrey McDermottJeffrey McDermott, formerly of UBS, has launched Greentech Capital Advisors, LLC, billed as a pure-play investment bank and advisory firm dedicated to alternative energy and cleantech companies. More...
- VCs Expect Growth In Green Technology
- Report: Private Equity Firms Bullish On Long-Term Outlook For Cleantech
- AfDB Invests $12M In Clean Energy Equity Fund
More Cleantech
