{"id":24426,"date":"2011-09-01T01:08:35","date_gmt":"2011-09-01T05:08:35","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=24426"},"modified":"2011-09-01T01:08:35","modified_gmt":"2011-09-01T05:08:35","slug":"sec-says-assets-of-illinois-startup-hedge-fund-manager-frozen","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2011\/sec-says-assets-of-illinois-startup-hedge-fund-manager-frozen.html","title":{"rendered":"SEC Says Assets Of Illinois Startup Hedge Fund, Manager Frozen"},"content":{"rendered":"<p>Dow Jones &#8211; The Securities and Exchange Commission said the assets of a Chicago-area money manager and his hedge fund were frozen, a move that stems from allegations they lied to prospective investors in their start-up quantitative hedge fund.<\/p>\n<p>The SEC alleges that Belal K. Faruki, of Aurora, Ill., and his advisory firm Neural Markets LLC solicited highly sophisticated individuals to invest in the &#8220;Evolution Quantitative 1X Fund,&#8221; a hedge fund they managed that supposedly used a proprietary algorithm to carry out an arbitrage strategy involving trading in liquid exchange-traded funds.<\/p>\n<p><a href=\"http:\/\/online.wsj.com\/article\/BT-CO-20110831-716737.html\"><strong>Read Complete Article<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dow Jones &#8211; The Securities and Exchange Commission said the assets of a Chicago-area money manager and his hedge fund were frozen, a move that stems from allegations they lied to prospective investors in their start-up quantitative hedge fund. The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-24426","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=24426"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24426\/revisions"}],"predecessor-version":[{"id":24427,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24426\/revisions\/24427"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=24426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=24426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=24426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}