The press has been agog recently about Paradigm Capital, a fund-of-hedge-funds run by members of Joe Biden’s family, and its apparent connection with a hedge fund shut by the SEC called Ponta Negra. CJR’s Audit column has the full details on this remarkable scoop by a finance blogger named John Hempton.
Among other things, Hempton was threatened by lawyers for Ponta Negra, forcing him to withdraw a post, as he detailed in a post yesterday.