Dapper gentlemen frequent Harry Rosen and the nouvelle barbershop Cru , both in Yorkville.
Last year, however, things changed dramatically for Yorkville Advisors, which is based in Jersey City, N.
FORBES: New Jersey Hedge Fund Posts Its First Down Year In A Decade
Yorkville Advisors has complied with the request, the audited financials that Forbes obtained say.
Stay en vogue in fashion-forward Bloor-Yorkville or enjoy major-league entertainment in The District.
Yorkville Advisors declined to comment after canceling a scheduled call Tuesday to answer questions about its annual financial statements.
Further north in the tony Yorkville neighbourhood, Four Seasons Hotels, which is headquartered in Toronto, opened a new flagship in October 2012.
Prior to its partnership with the U.S. government, Yorkville largely made private investments in public equities, also known as PIPEs.
FORBES: Penny Stock Hedge Fund Firm Got Government Rescue Loans
Also in the recent financials, Yorkville told its investors it provided information to the SEC at the direction of securities regulators.
FORBES: Penny Stock Hedge Fund Firm Got Government Rescue Loans
Yorkville Advisors complied with the request, the audited financials said, but did not specify what kind of information the SEC was seeking.
FORBES: New Jersey Hedge Fund Posts Its First Down Year In A Decade
Yorkville made its investment in the TALF deals through New Earthshell Corp.
FORBES: Penny Stock Hedge Fund Firm Got Government Rescue Loans
If you smoke, Yorkville's Prego della Piazza , a spot favored by visiting movie stars, offers pricey Italian, a fine wine list-and ashtrays.
The SEC claims that Yorkville did not adhere to its own stated valuation policies and ignored negative information about certain investments by the funds.
Forbes reported in 2010 that Yorkville had disclosed to investors that it had provided information to the SEC at the direction of securities regulators.
The SPVs were distributed pro-rata participation interests in various Yorkville securities.
Participating in a federal government financial rescue program may have provided a bit of a lifeline to Yorkville, which was founded by 38-year-old Mark Angelo in 2001.
FORBES: Penny Stock Hedge Fund Firm Got Government Rescue Loans
Over the last two years Yorkville has continued to make investments, focusing on the shipping sector and reaching finance agreements with companies like Oceanfreight and Top Ships.
FORBES: New Jersey Hedge Fund Posts Its First Down Year In A Decade
Since 2009 Yorkville Advisors has been an eligible borrower under the Term Asset-Backed Loan Program, or TALF, created by the Federal Reserve to support the consumer loan market.
FORBES: Penny Stock Hedge Fund Firm Got Government Rescue Loans
Over the last year or so Yorkville has continued to make investments, focusing on the shipping sector and reaching financing agreements with companies like Oceanfreight and Top Ships.
Things have changed since then, when Canadian university campuses and the coffee shops of Toronto's Yorkville hippie enclave were crawling with young Americans who had burned their draft cards.
New Earthshell, a subsidiary of YA Global Investments, funneled the contributions of two Yorkville funds to YA TALF Holdings, a special purpose entity that was formed to purchase asset-backed securities.
FORBES: Penny Stock Hedge Fund Firm Got Government Rescue Loans
For many years, Yorkville Advisors was one of the biggest hedge fund firms specializing in making private investments in public equities, mostly in penny stocks, and consistently posted positive returns.
In a typical Yorkville investment, Angelo would make a loan to a smallish company in return for a note that carried a fixed interest rate that could also be converted into discounted stock.
The SEC claims that in July 2008 Yorkville changed its valuation policy for these illiquid investments in a way that was inconsistent with how the valuation practice was represented to its investors and its accounting firm.
In connection with investor redemptions it could not meet in 2008, Yorkville Advisors restructured its hedge fund operations, creating special purpose vehicles and giving redeeming investors the option of receiving securities in-kind or ownership in the SPVs.
Yorkville Advisors, founded by 38-year-old Mark Angelo in 2001, is one of the largest hedge fund firms specializing in investing in thinly-traded and often illiquid outfits by making private investments in public equities, also known as PIPEs.
In connection with investor redemption requests it could not meet in 2008, Yorkville Advisors restructured its hedge fund operations, creating special purpose vehicles and giving redeeming investors the option of receiving securities in-kind or ownership in the SPVs.
FORBES: Penny Stock Hedge Fund Firm Got Government Rescue Loans
Yorkville Advisors, the Jersey City, N.
FORBES: Penny Stock Hedge Fund Firm Got Government Rescue Loans
Yorkville Advisors declined to comment.
FORBES: New Jersey Hedge Fund Posts Its First Down Year In A Decade
The tactics of Yorkville Advisors have been the subject of several Forbes articles, which noted that one Yorkville fund, YA Global Investment Fund I, never had a down month from February 2001 to July 2008 until a stunning reversal saw it report a drop of 33% in 2010, most of it in the single month of December 2010, suggesting a big mark-to-market adjustment while the stock market was rising.
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