Georgia Hedge Fund Guide
Guide to Hedge Funds in Georgia
The U.S. Commodity Futures Trading Commission (CFTC) announced today the filing of a complaint in the U.S. District Court for the Northern District of Georgia against Renaissance Asset Management, LLC (RAM), a Georgia company headquartered in Roswell, Georgia, and its chief operating officer, Anthony Ramunno, Jr., of Atlanta. The matter is pending before the Honorable Jack T. Camp, U.S. District Judge. sourceThe Atlanta chapter of a great organization, Hedge Funds Care. read more
After a two-week trial, a federal jury returned a guilty verdict against Kirk Wright of Marietta, Ga., on charges of mail fraud, securities fraud and money laundering relating to the 2006 collapse of Wright's Atlanta-based investment firm, International Management Associates (IMA), U.S. Attorney for the Northern District of Georgia David E. Nahmias announced today. The jury found Wright guilty on all counts. source
Though they have been serving as an alternative investment strategy for nearly 60 years, hedge funds have been garnering attention of late as their popularity among wealthy investors soars. Various analysts and Web sites -- including the site of global wealth manager Merrill Lynch & Co. Inc. and The New York Times' business blog DealBook -- estimate that there are more than 7,000 registered hedge funds, managing more than $1 trillion in assets. source
An Atlanta hedge fund manager under suspicion of defrauding a group of investors that included several NFL players now faces criminal charges in connection with the collapse of funds that investors believed held up to $180 million. Kirk Wright, 35, is charged with mail fraud related to the collapse of hedge funds he controlled through his firm, International Management Associates, federal officials said yesterday source
Only about $150,000 of the allegedly $150 million in assets of an Atlanta-based hedge fund has been found by investigators probing allegations of fraud there, according to a published report. According to the Wall Street Journal, a bench warrant has been issued for the arrest of Kirk Wright, founder and CEO of Atlanta-based International Management Associates, in hopes of getting his help in the search for the firm's assets source
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