The suits were filed in U.S District Court in Manhattan by the $58 million VCG Special Opportunities Master Fund.
Investors have seized two Bear Sterns hedge funds, in hopes that they will gain a chance to meet the company in court, according to the Financial Times.
Regulators and participants are strengthening market discipline but oversight is still needed, the report says.
At a time when recession fears are rattling the stock market, some financial advisers are looking to trees for growth.
Morningstar Inc.'s recent launch of a star-rating system for hedge funds is the ultimate move into the mainstream for an asset class that has long thrived as an exclusive alternative investment.
The composite Eurekahedge Hedge Fund Index fell 3.1% in January, the worst performance since the company began keeping data in January 2000.
The firm was “the unfortunate victim of misconduct by certain former employees,” according to a client letter.
At campaign stops, Sen. Hillary Clinton argued that hedge fund executives shouldn't be immune from certain taxes.
Investors are prohibited from withdrawing funds from CSO Partners.
Morningstar has expanded its ratings coverage to hedge funds.
Hedge funds in January had their worst performing month in more than five years, according Greenwich Alternative Investments.
As [Lee] Ainslie [founder of Maverick Capital Ltd. of Dallas] began attracting assets and adding investment staff, he created a business model that differs slightly from those of most large funds, which generally fall into two categories.
Because of the market volatility of recent days, determining which hedge funds will perform well is as difficult a task as it has ever been.
Hennesse Hedge Fund Index falls 2.4%, the fourth worst month ever.
The Hennessee Hedge Fund Index declined 2.8% in January after finishing 2007 up 11.64%.
The hedge fund, its adviser, founder and two employees will pay a combined $40 million for an illegal late-trading scheme.
The company has bought HedgeWorks, a Southern California hedge fund with more than $10 billion in assets.
The Morgan Stanley Global Long/Short Fund aims to offer an institutional-quality portfolio of long/short equity hedge funds.
Daniel Marino, who faced a maximum sentence of 50 years, had sought leniency due to his cooperation with prosecutors.
