Colorado Hedge Fund Guide
Guide to Hedge Funds in Colorado
Below is a collection of articles and resources on hedge funds in Colorado:Resource #1: Hedge funds are on a tear, and new federal registration requirements for hedge fund advisers may boost consumer confidence in the investment vehicles and further fuel their growth. In the last five years, the number of U.S. hedge funds has doubled to 8,050 and hedge fund assets have tripled to $934 billion, according to Hennessee Group LLC of New York. The Colorado Division of Securities estimates that, of the 750 state-licensed investment advisers in the state, 60 to 80 have indicated they are operating a hedge fund or a pooled investment vehicle, said David Swafford, a securities examiner for the division source
Resource #2: Colorado Attorney General John Suthers and Securities Commissioner Fred Joseph today announced the arrests of Hamilton Alan Bird, David Edward Newton and Douglas Alan Scott, all of Colorado Springs, following their indictment by a statewide grand jury on May 12, 2006 in a hedge fund scheme that defrauded hundreds of victims out of approximately $7.5 million source
Resource #3: A former Colorado Springs pastor was convicted Friday of securities fraud and theft in a hedge fund scam that bilked 400 investors out of more than $12 million.Douglas Alan Scott faces up to 24 years in prison when he is sentenced, scheduled for March 7 before 4th Judicial District Judge Patrick Kelly. The seven women and five men on the jury deliberated 31/2 hours before finding Scott guilty on both counts. source
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