You have to figure it’s tough for hedgies to make a profit. Perhaps the most surprising aspect of the news that sports radio host Craig Carton was allegedly running a ticket-selling Ponzi scheme is that he reportedly duped Brigade Capital — an $18 billion fund named firm of the year by the Absolute Return Symposium...
NYS Entity Status
NYS Filing Date
MARCH 13, 2013
NYS DOS ID#
NYS Entity Type
FOREIGN LIMITED PARTNERSHIP
2013 - ABSOLUTE RETURN INCOME FUND L.P.
2013 - PERRY ABSOLUTE RETURN INCOME FUND L.P.
AROUND THE WEB
- Brigade Capital duped by Craig Carton’s alleged Ponzi scheme
By Carleton English - Sunday Sep 10, 2017
- Steve Mnuchin signals higher taxes for hedge funds
By Kevin Dugan, Carleton English - Tuesday Sep 12, 2017
Steve Mnuchin to Wall Street: Time to pay up. The Trump administration is targeting an effective tax-rate hike on hedge funds and some accounting firms as part of a broader overhaul of the US tax system, Treasury Secretary Steve Mnuchin said Tuesday at an industry conference. Hedgies typically have their income taxed at a lower...
- Martin Shkreli is found guilty of fraud
By Stephanie Clifford and Colin Moynihan - Friday Aug 4, 2017
NEW YORK — Martin Shkreli, accused of defrauding his hedge fund investors and a pharmaceutical company, was convicted on three of eight counts on Friday, after a five-week trial in U.S. District Court in Brooklyn, N.Y.Shkreli was accused of securities and wire fraud related to two hedge funds he ran, MSMB Capital and MSMB Healthcare.The prosecution brought forth an “avalanche” of evidence, as prosecutor Jacquelyn Kasulis put it in her rebuttal argument, that included a threatening letter he sent to the wife of a former employee, statements he sent to MSMB investors showing great returns at the same time he had no money in fund accounts, three versions of a backdated agreement to make it look as if MSMB Capital had invested in Retrophin when it had not, as well as claims about assets under management that were wildly out of line with his actual fund size.
- Mnuchin vows middle class won’t see tax hike under Trump’s plan
By Marisa Schultz - Sunday Jul 9, 2017
Treasury Secretary Steven Mnuchin said Sunday he’s “sensitive” to the concerns of New York and other high-tax states and pledged middle income residents should “absolutely” see no tax increase under President Trump’s tax plan. Mnuchin also rejected an Axios report that Trump top aide Steve Bannon is pushing for raising taxes on the wealthy beyond...
- ‘Morning Joe:’ Scarborough Calls Trump’s NY Times Interview ‘William Faulkner on Acid’ (Video)
By Ashley Boucher, provided by
- Thursday Jul 20, 2017
Morning Joe” host Joe Scarborough said Thursday that President Donald Trump’s rambling, stream of consciousness interview with the New York Times sounds like “William Faulkner on acid.“I mean the sentences just keep going on, but they’re garbled and make absolutely no sense,” the host said, referring to the Nobel Prize laureate’s distinctive writing style.“Well, John McCain, obviously a giant in Washington, D.C., but he’s been a giant in American life for a very long time and he served his entire adult life for the American people,” Scarborough said.
- Rapper Common surprises students at NY school, donates money
By MESFIN FEKADU, AP Music Writer - Thursday Jul 20, 2017
Rapper Common surprises students at NY school, donates moneyNEW YORK (AP) — Oscar and Grammy winner Common surprised a group of New York students by donating $10,000 to help their teachers buy supplies like calculators and science kits.The rapper-actor partnered with the nonprofit AdoptAClassroom.org and Burlington Stores to give Renaissance School of the Arts in Harlem the funds on Thursday.Jadon-Li M. Antoine, an aspiring musician, actor and dancer, said Common's visit motivates him to keep aiming for his dreams.Burlington has been raising money from its 599 stores to help other schools, asking customers to donate $1 or more.