SEC Charges Two Feeders for One of South Florida's Largest-Ever Ponzi Schemes (Fund News)
The Securities and Exchange Commission today charged two individuals who provided the biggest influx of investor funds into one of the largest-ever Ponzi schemes in South Florida.
Credit Suisse to liquidate the CS Euroreal Property Fund (Fund News)
Credit Suisse Group AG plans to liquidate its â?¬6bn German property mutual fund after investors tried to withdraw more money than the fund has available. Credit Suisse Asset Management opened CS Euroreal for redemptions on May 9 after the fund had been frozen for the past two years.
Investors put more money into Hedge Funds (Fund News)
Investors grappling with volatile financial markets increased their investments in hedge funds over the past month, data from hedge fund administrator GlobeOp shows, indicating renewed confidence in their abilities to cash in on turbulent asset pricing.