Hedge funds are known for their high-risk and high-return approach to investment. Due to these practices, some funds are bound up to lose money. In other cases, investors plan a deliberate scheme to ...

Hedge fund founder Thomas Sandell on Tuesday paid a whopping $105 million to settle claims that he fraudulently evaded New York city and state taxes on more than $450 million on fees he earned, ...

A New York-based unregistered advisor pleaded guilty to defrauding clients of millions of dollars by touting strong returns via his hedge funds while pocketing investors’ money. Solomon Lichtenstein ...