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April 10, 2008
UK Hedge Fund On Trial In US
Filed under : Hedgetalk

UK hedge fund Headstart Advisers Ltd. is facing a SEC suit alleging The hedge fund earned $198m in profits by manipulating U.S. mutual funds through late-trading and deceptive market-timing practices from 1998 through to 2003.
The suit filed by the Securities and Exchange Commission, is the second one this week filed against a British hedge fund for allegedly orchestrating a scheme to defraud US mutual funds.
More at UK Hedge Fund Faces SEC Lawsuit
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One Comment so far ...
It’s important to weed out untrustworthy funds, as that keeps the playing field fair for the real fund managers.
At Lahtinen Advisors (http://www.lahtinenadvisors.com/) one of our main goals is to maintain high investor confidence.
Comment on April 13, 2008 06:03 am