Tag: Hedge Fund


  • Leon Cooperman

    Billionaire hedge fund manager: The bottom is near

    Billionaire hedge fund manager Leon Cooperman believes the stock market slide is about to bottom out. During an interview with CNBC on Friday, Cooperman said that high-yield investors unable to sell their paper were shorting the S&P as a hedge. “There is no liquidity in the credit market in the high-yield area. They can’t sell […]

  • Martin Shkreli Arrested

    Controversial Pharma Boss Martin Shkreli Arrested For Securities Fraud

    Turing Pharmaceuticals chief Martin Shkreli was arrested in his Manhattan home Thursday for alleged securities fraud, following a federal investigation into his past dealings as a hedge fund manager. The charges are unrelated to the recent controversy over the 32-year-old Shkreli’s pricing practices at Turing, which included severely marking up the price of 62-year-old drug […]

  • Fake Hedge Fund Manager

    Fake Hedge Fund Manager Convicted Of Stealing $800,000

    Moazzam Ifzal Malik has been convicted on 28 criminal charges after he stole more than $800,000 from at least 17 investors. According to┬áNew York Attorney General Eric Schneiderman, the 33-year-old told investors he was a hedge fund manager. He accepted money from various clients, which he immediately spent for his own personal needs. His latest […]

  • Citigroup Affiliates to pay 180 million dollars

    Citigroup Affiliates Agree To Repay $179.5 Million After Misleading Hedge Fund Investors

    Two Citigroup Inc. affiliates have agreed to pay $179.5 million after being charged by federal regulators for misleading investors in hedge funds that later collapsed. On Monday, the Securities and Exchange Commission (SEC) announced the settlement with Citigroup Alternative Investments, a subsidiary of the bank, and Citigroup Global Markets, an affiliated company. The affiliates will […]