Tag Archives: due diligence
Madoff Red Flags Could Have Been Raised by Santander’s Software
Bloomberg – Banco Santander SA’s hedge fund unit used risk software that according to its developer may have “waved red flags” about Bernard Madoff investments. “You definitely would have seen it,” Riskdata SA Chief Executive Officer Ingmar Adlerberg said in a […]
New York Exec Nailed for Alleged $400 Million Ponzi Scheme
New York (HedgeCo.Net) – Nicholas Cosmo, head of New York-based Agape World Inc., has been arrested for allegedly running a $400 million Ponzi scheme. His company, which marketed commercial bridge loans, was not registered with the U.S. Securities and Exchange […]
Finvest Launches Private Equity Fund
West Palm Beach (HedgeCo.net) – After being awarded $2.5 billion in allocation for investment in private equity, hedge fund manager Finvest Asset Management, announced the launch of a private equity initiative. Finvest is also separately dedicating $300 million to a […]
