SEC | Corgentum Blog: Hedge Fund Operational Due Diligence

Category Archives: SEC

Much Ado About Nothing – The SEC’s Missed Opportunity on the Advertising Ban Lift

The SEC recently adopted a rule that overturned an 80 year ban that will now allow hedge funds to advertise publicly, well kind of, for the first time. The rule, which passed by a 4-1 vote, came about because of … Continue reading

Posted in Endowment, Foundation, Fraud, JOBS Act, Operational Risk, Operational due diligence, SEC | Tagged , , , , | Comments Off

The FBI Is On the Case of Hedge Fund Fraud

Over the past few years, the U.S. Federal Bureau of Investigation (“FBI”) has become increasingly involved in policing hedge fund fraud. Traditionally, thought of by most as focusing on more criminal activities such as terrorism and bank robbery, the FBI … Continue reading

Posted in FBI, Fraud, Fund of Hedge Funds, Operational Risk, Operational due diligence, Ponzi, SEC, insider trading | Tagged , , , , , , | Comments Off

The Preposterous Fraud of Andrey C. Hicks and Locust Offshore Management

A man claiming to run a high profile hedge fund recently pleaded guilty to stealing approximately $2.3 million from investors. The plea came at the end of 2012 and slipped off many people’s radar, however, the preposterousness of the case … Continue reading

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