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Hedge Funds

U.S. Prosecutors: Visium Asset Management PM Inflated Distressed Debt Values

by feedproxy.google.com posted 1year ago 1215 views
Former Visium Asset Management portfolio manager Stefan Lumiere improperly sought to boost the value of the hedge fund's distressed debt holdings, defrauding investors while enabling the investment firm to earn millions in fees, U.S. prosecutors alleged in court Wednesday - a charge the defense denied.read more