{"id":4833,"date":"2006-08-04T00:00:00","date_gmt":"2006-08-04T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"when-hedge-fund-selling-bites-wall-street","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2006\/when-hedge-fund-selling-bites-wall-street.html","title":{"rendered":"When hedge-fund selling bites Wall Street"},"content":{"rendered":"<p>Hedge funds are big business on Wall Street. And managing the issues of selling them is becoming a headache for some firms.<\/p>\n<p>Pipe Distributors Inc., a Texas company that buys and sells oil-field pipe, and its profit-sharing and retirement plans this year filed an arbitration claim against Morgan Stanley, saying a broker atthe big Wall Street firm in 2001 invested $2.5 million for it in a hedge fund but failed to disclose the broker received a 25% cut of the fund&#8217;s profit. The fund ran into trouble and PipeDistributors, a longtime Morgan Stanley client, had a loss of about $725,000. The case is pending.<\/p>\n<p>Although the firm was a client of Morgan Stanley, the brokerage house has distanced itself from the case, saying the broker didn&#8217;t tell the firm he had made the investment in the hedge fund.<\/p>\n<p><a href=\"http:\/\/www.google.com\/news\/url?sa=T&amp;ct=us\/9-0&amp;fd=R&amp;url=http:\/\/www.moneyweb.co.za\/shares\/international_news\/863036.htm&amp;cid=0&amp;ei=ezPTRNSfEoWuoQKL24DWBQ\"><strong>ReadComplete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hedge funds are big business on Wall Street. And managing the issues of selling them is becoming a headache for some firms. Pipe Distributors Inc., a Texas company that buys and sells oil-field pipe, and its profit-sharing and retirement plans [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4833","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4833","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4833"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4833\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}