The Hedge Funds Weblog

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.

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