Tuesday, 22 July 2014
Last updated 7 hours ago
Aug 12 2008 | 12:36pm ET
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…