Some U.S. hedge fund advisers misrepresent hedge funds by "cherry-picking" investments to showcase their performance and improperly changing how they value securities. Andrew Bowden, head of the SEC's Office of Compliance, Inspections and Examinations, revealed preliminary [...]
SEC Charges Brian Williamson Former Oppenheimer Fund PM with Misleading Investors. Brian Willamson, hedge fund manager is being targeted by regulators for misleading clients. The SEC has charged a former portfolio manager at Oppenheimer & Co. with misleading investors about the valuation and performance of a fund consisting of other private equity funds.