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Appeals Court Tosses Hedge Fund Owner’s Claims Against FBI

by The Associated Press | Oct 18, 2017 | Banking & Lending, CR Daily, Industry News

A hedge fund owner’s bid to hold the government responsible for an FBI raid that he says ruined his business was lost Tuesday when a federal appeals court rejected his lawsuit.

US Charges Platinum Partners Founder, Others With $1B Fraud

by Reuters | Dec 19, 2016 | Banking & Lending, CR Daily, Executive Briefing, Industry News

The founder of New York-based hedge fund Platinum Partners was arrested on Monday as prosecutors unveiled an indictment charging him and six others with an approximately $1 billion fraud.

World’s Largest Hedge Fund In Line For Government Aid

by The Associated Press | May 27, 2016 | Commercial & Industrial, Executive Briefing, Industry News

A Connecticut commission is expected to approve a $22 million loan and grant package to help the world’s largest hedge fund upgrade its offices. The Connecticut Bond Commission, which is chaired by Democratic Gov. Dannel P. Malloy and oversees state borrowing, is...

GOP Leaders Criticize Loan Package For Hedge Fund

by The Associated Press | May 24, 2016 | Banking & Lending, Executive Briefing, Industry News

Republican leaders in the Connecticut General Assembly are criticizing plans by Democratic Gov. Dannel P. Malloy’s administration to approve a $22 million loan and grant package for one of the world’s largest hedge funds. Senate Minority Leader Len Fasano on Monday...

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