We began warning readers about illegal mutual fund activity and conflicts of interest in pension consulting ten years ago.
FORBES: Shame and Scandal in Florida Public Pension Community (October 2, 2004 )
The map shows a congested swath of fund-raising activity from the Mid-Atlantic to New England.
It is extremely hard for UK citizens to get into orbit because the government does not fund manned space activity.
Despite the slight appreciation in the price of the underlying shares, bearish transactions dominated options activity on the fund.
For example, someone involved with a child development organization might offer to fund a new area of activity such as helping the aging.
According to Jordan Thomas, chair of the whistleblower practice at Labaton Sucharow, the survey was an attempt to gauge the extent of wrongdoing inside of hedge funds and the likelihood that hedge fund professionals would report illegal activity to the authorities.
FORBES: Corruption at Hedge Funds Even More Rampant Than You Think, Study Shows
It has been estimated that perhaps 15% to 20% of hedge fund managers may engage in fraudulent activity.
FORBES: Anatomy of (Yet Another) Hedge Fund Fraud (June 1, 2001)
Letter to the National Association of Securities Dealers (NASD) Regarding Illegal Activity In the Pension Fund and Money Management Industry.
The Hawtin brothers run the Derwent Absolute Return Fund Ltd which bases its trading activity on sentiment it gathers from tweets around the world.
FORBES: Hedge Fund Uses Your Tweets To Predict Market Movement
In our diversified micro cap GAMCO Westwood Mighty Mites Fund (WEMMX), merger and acquisition activity has also been robust, with six announced acquisitions of holdings in the September quarter joining the seven announced in the first half of the year.
That's at first glance a visible positive, but since at least two of the Big Three are already on taxpayer life support, won't our economy suffer over the long term due to the waste of human, financial and physical capital on economic activity that private investors will no longer fund?
Another change being pushed is for the Fund to focus on emergency loans and cease its primary activity of covering balance-of-payments shortfalls.
This is the only economic equation that matters in pension fund provision, and the investment of pension funds in speculative activity such as equity investment, which generates not one penny of new real economic activity in most cases, makes a mockery of this process.
While the financial press would have the public believe that the transgressions surfacing at this time were desperate measures adopted by the mutual fund industry as assets under management plummeted around 2000, illegal and unethical activity has been pervasive for over 20 years.
Yet, the taxes and other exactions used to take those resources have reduced economic activity and income so much that the private sector can no longer fund current government outlays.
If a new report about hedge fund corruption is to be believed, the industry is overrun with unethical and illegal activity.
FORBES: Corruption at Hedge Funds Even More Rampant Than You Think, Study Shows
So it comes as little surprise that fund managers are paying money to find out if anyone is listening in on their super-secret trading activity.
In the aftermath of the "Flash Crash, " the Nasdaq canceled trades on a number of stocks that saw particularly abnormal activity, including Boston Beer Company, the First Trust ISE Revere Natural Gas exchange-traded fund and the Templeton Emerging Markets Income Fund.
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