Spitzer's Swansong? N.Y. A.G. Hits Fund For Market-Timing

Nov 17 2006 | 12:31pm ET

He’s preparing to move into the Governor’s Mansion, but outgoing New York Attorney General Eliot Spitzer has some unfinished business to attend to.

On Thursday, Spitzer filed suit in Manhattan against hedge fund Samaritan Asset Management Services, its adviser, Johnson Capital Management, and top executives Edward Owens and Michael Johnson, alleging they evaded market-timing monitoring systems by “piggybacking” their trades on retirement plan trades through Security Trust Company. STC’s top officers pleaded guilty last year in a case brought by Spitzer.

The soon-to-be-former A.G. is seeking restitution of allegedly ill-gotten gains.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note