CNO stuck in nightmare over alleged hedge fund fraud
CNO is mired in lawsuits related to the hedge fund's collapse—both as a plaintiff and as a defendant—that likely will take years more to play out.
hedge fund
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UPDATE: IndyStar parent firm rejects $1.4B offer, but fight might not be over
Gannett Co. said Monday that its board determined the unsolicited offer from a hedge-fund backed media group undervalued the company and wasn’t in the best interests of shareholders.
KIM: Betting against Buffett is a costly proposition
Don’t buy when he’s selling or sell when he’s buying.
SKARBECK: Investing wisely in market doesn’t have to be complex
The complexity that is being brought to bear in the realm of alternative investing these days is mind-boggling.
SKARBECK: Wall Street activists’ antics create carnival atmosphere
Reality TV has come to Wall Street. This drama is centered on Valeant Pharmaceuticals, and the players are activist investors led by the self-important Bill Ackman, gobs of other hedge funds and short-sellers.
Hedge fund ups Angie’s List holdings again, seeks board seats
Now with a 9-percent stake, New York-based TCS Capital Management says it’s after multiple board seats and plans to continue discussing options to maximize the firm’s value, including a sale.
Skarbeck: Hedge fund track records fail to live up to the hype
California Public Employees’ Retirement System is dumping its entire hedge fund program. The reason, according to Ted Eliopoulos, the chief investment officer, is “their complexity, cost and lack of ability to scale to CalPERS size.“
Skarbeck: Hedge fund fees pile up despite bad performance
Investors continue to pour money into hedge funds, even though their performance has been downright awful.
Indianapolis-based hedge funds subject to market forces, too
Five years after the crash, the luster of hedge funds isn’t what it used to be.
Hedge fund guru Paulson cashes in on CNO wager
John Paulson, who made $15 billion betting against real estate and then saw his fortune shrink as gold slumped, has more than doubled his hedge fund's money on Carmel-based CNO Financial Group Inc.
SKARBECK: High-quality stocks perform as well as alternative options
Most hedge funds have failed to outperform index funds since the credit crisis.
Hauke receiver files suit to recover $600K from Arizona investor
Attorney William Wendling will try to collect $1 million to $2 million from a handful of investors in Samex Capital Ponzi scheme.
Ex-investment manager Hauke gets 10 years for fraud
Keenan Hauke of Fishers, who pleaded guilty to securities fraud in December after costing hedge fund clients $7 million, received a 10-year federal prison sentence Friday morning.
Investment adviser Hauke agrees to plead guilty in $7M fraud
Prosecutors accused Hauke of losing millions on Michigan real estate investments, then hiding those losses from clients.
Probe: Investment adviser Hauke masked huge loss
Fishers investment manager Keenan Hauke suffered massive losses in his hedge fund seven years ago. Then, rather than fess up, he generated fake account statements for clients that showed money they didn’t really have and returns they hadn’t earned, state investigators allege.
Will Biglari use Steak n Shake playbook at Cracker Barrel?
Biglari Holdings began scarfing up Cracker Barrel shares in March and now has amassed a 9.8-percent stake worth $109 million.
State revokes Fishers money manager’s license
The Indiana Secretary of State’s Office has revoked the financial advising license of Fishers money manager Keenan Hauke, who is being investigated by the office over financial irregularities involving a hedge fund he operates.
Judge freezes assets of Fishers money manager
A Hamilton County judge has ordered a temporary asset freeze against prominent Fishers money manager Keenan Hauke, who is being investigated by the Indiana Secretary of State’s Office over financial irregularities involving a hedge fund he operates.
Fishers money manager target of state probe
The Indiana Secretary of State’s Office is investigating prominent Fishers money manager Keenan Hauke after one of his advisers accused Hauke of financial irregularities involving a hedge fund he operates.
Centaur bets on risky restructuring plan
Bankrupt Hoosier Park owner Centaur Inc. has offered its creditors a risky reorganization plan. For it to work, dozens of
hedge funds must stay in the game, in return for a chance to buy a big chunk of the company later.