Florida Hedge Fund Guide
Guide to Hedge Funds in Florida
The following is a collection of resources on hedge funds in Florida. To purchase a list of hedge funds in Florida please click here.A former Miami hedge fund operator is paying for years of fraud that allowed him to live a life of luxury, including the purchase of a modeling agency for his girlfriend to operate, according to the U.S. Attorney’s Office. Chief U.S. District Court Judge Federico A. Moreno sentenced Salman Shariff to 57 months’ imprisonment, to be followed by three years of supervised release source
Great overall, organizational resource for hedge funds in South Florida. source
A Florida hedge fund is suing Citigroup and Wachovia, claiming the investment banks “suckered” it into losing more than $18 million on credit default swaps. According to the complaints from Del Ray Beach-based VCG Special Opportunities Master Fund, Citigroup downplayed the risk involved in the derivatives, in addition to charging “far in excess of what Citibank actually required.” It is suing the Wall Street giant for beach of contract and unjust enrichment source
The Securities and Exchange Commission announced today that on March 2, 2005, it filed an emergency civil action to halt a massive fraud by a group of Palm Beach, Florida based hedge funds, their principals, their unregistered investment advisers, and an affiliated registered broker-dealer. source
Florida has hired two experts, including one with a long track record in hedge funds, to examine how a local government investment pool was nearly wiped out late last year, state legislators said on Monday. Tanya Styblo Beder, who heads financial advisory firm SBCC and held top positions at Citigroup and hedge fund Caxton Associates, will investigate the Florida Local Government Investment Pool to make sure the fund is not vulnerable to another run, said Marco Rubio, speaker of Florida's House of Representatives. source
Are you stressed to the max about your hedge fund trading style? If so, the Miami-based South Florida Hedge Fund Managers Association had the ultimate self-help workshop for you. The hedge fund alliance was scheduled to offer a "trading psychology'' seminar by well-known psychiatrist Ari Kiev in Miami on Feb. 27. Dr. Kiev has worked with professional and Olympic athletes as well as corporate executives and, in recent years, has developed a specialty hedge fund practice. source
In Florida, three people were charged with fraud and other criminal offenses in connection with a scam that allegedly lost almost $195 million of investors’ money. Jung (John) Bae Kim, his brother Yung Kim, and brother Won Sok Lee were named as the defendants in a 35-count indictment that was unsealed in the U.S. District Court for the Southern District of Florida. While John Kim has been arrested, the other two men are still fugitives. source
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