Tag Archives: hedge fund

SEC Hedge Fund Insider Trade

On May 8, SEC issued $9mn hedge fund settlement insider trading. Visium Asset Management was charged, for not supervising portfolio managers. Alleged Violations Ignored red flags of managers engaged in asset mismarking and insider trading. Two managers falsely inflated value of securities held by hedge funds it advised. Fund returns falsely inflated, overstated NAV, paid…
Read more