{"id":56061,"date":"2017-01-12T07:22:33","date_gmt":"2017-01-12T12:22:33","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=56061"},"modified":"2017-01-12T07:23:38","modified_gmt":"2017-01-12T12:23:38","slug":"visium-jury-told-bond-trader-lied-to-boost-funds-numbers","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2017\/visium-jury-told-bond-trader-lied-to-boost-funds-numbers.html","title":{"rendered":"Visium Jury Told Bond Trader Lied to Boost Fund\u2019s Numbers"},"content":{"rendered":"<p>(Bloomberg) U.S. prosecutors said portfolio manager Stefan Lumiere cheated investors at Visium Asset Management LP by inflating the value of distressed-debt holdings in the hedge fund\u2019s credit portfolio, as his securities\u2019 fraud trial began Wednesday.<\/p>\n<p>&#8220;For years, Lumiere corrupted the valuation process at his hedge fund to make the results look better than they were,\u201d Assistant U.S. Attorney Damian Williams said in opening statements. Investors \u201ctrusted Lumiere to do right by them, to play it straight. Instead of being honest, Lumiere lied.\u201d<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-01-11\/visium-jury-told-bond-trader-lied-to-boost-hedge-fund-s-numbers\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) U.S. prosecutors said portfolio manager Stefan Lumiere cheated investors at Visium Asset Management LP by inflating the value of distressed-debt holdings in the hedge fund\u2019s credit portfolio, as his securities\u2019 fraud trial began Wednesday. &#8220;For years, Lumiere corrupted the [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-56061","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/56061","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=56061"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/56061\/revisions"}],"predecessor-version":[{"id":56062,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/56061\/revisions\/56062"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=56061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=56061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=56061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}