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Bayou Hedge Fund Group
The Bayou Hedge Fund Group (1996-2006) was a group of companies and hedge funds founded and headed by Samuel Israel III. Approximately $450m was raised by the group from investors, who were defrauded from nearly the start with funds being misappropriated for personal use. History After poor returns in 1998, the investors were lied to about the fund's returns, and a fake accounting firm was set up to provide misleading audited results. In 2005, Samuel Israel III and CFO Daniel Marino pleaded guilty to multiple charges including conspiracy and fraud. Marino was convicted of fraud and sentenced to 20 years in prison. Israel was sentenced to 20 years prison and ordered to forfeit $300 million. At his sentencing Israel said "I lied to you and I cheated you and I cannot put into words how sorry I am." Scandal Starting with $600,000 of outside money in 1996, investors eventually gave the fund US$300 million. Investors were allured by a prospectus stating there would be prudent hedg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hedge Fund
A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as short selling, leverage, and derivatives. Financial regulators generally restrict hedge fund marketing to institutional investors, high net worth individuals, and accredited investors. Hedge funds are considered alternative investments. Their ability to use leverage and more complex investment techniques distinguishes them from regulated investment funds available to the retail market, commonly known as mutual funds and ETFs. They are also considered distinct from private equity funds and other similar closed-end funds as hedge funds generally invest in relatively liquid assets and are usually open-ended. This means they typically allow investors to invest and withdraw capital periodically based on the fund's net asset value, whereas pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bear Mountain Bridge
The Bear Mountain Bridge, ceremonially named the Purple Heart Veterans Memorial Bridge, is a toll suspension bridge in New York State. It carries US 6 and US 202 across the Hudson River between Bear Mountain State Park in Orange County and Cortlandt in Westchester County. At completion in 1924 it was longest suspension bridge in the world until this record was surpassed 19 months later by the Benjamin Franklin Bridge between Philadelphia and Camden, New Jersey. The Bear Mountain Bridge is unconventional among suspension bridges: though its main span (between the towers) is suspended by cables in the usual manner, the approach spans (outside the towers) do not have suspender cables and are instead unsuspended trusses, like the Williamsburg Bridge in New York City. The span enables connections between the Palisades Interstate Parkway and US 9W on the west bank near Bear Mountain and NY 9D on the east bank as well as US 9 and the Bear Mountain Parkway farther ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Disestablished In 2006
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Financial Services Companies Of The United States
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Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Hedge Funds
{{Disambiguation ...
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hedge Fund Firms Of The United States
A hedge or hedgerow is a line of closely spaced shrubs and sometimes trees, planted and trained to form a barrier or to mark the boundary of an area, such as between neighbouring properties. Hedges that are used to separate a road from adjoining fields or one field from another, and are of sufficient age to incorporate larger trees, are known as hedgerows. Often they serve as windbreaks to improve conditions for the adjacent crops, as in bocage country. When clipped and maintained, hedges are also a simple form of topiary. A hedge often operates as, and sometimes is called, a "live fence". This may either consist of individual fence posts connected with wire or other fencing material, or it may be in the form of densely planted hedges without interconnecting wire. This is common in tropical areas where low-income farmers can demarcate properties and reduce maintenance of fence posts that otherwise deteriorate rapidly. Many other benefits can be obtained depending on the specie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2005 In Economics
5 (five) is a number, numeral (linguistics), numeral and numerical digit, digit. It is the natural number, and cardinal number, following 4 and preceding 6, and is a prime number. It has attained significance throughout history in part because typical humans have five Digit (anatomy), digits on each hand. In mathematics 5 is the third smallest prime number, and the second super-prime. It is the first safe prime, the first good prime, the first balanced prime, and the first of three known Wilson primes. Five is the second Fermat prime and the third Mersenne prime exponent, as well as the third Catalan number, and the third Sophie Germain prime. Notably, 5 is equal to the sum of the ''only'' consecutive primes, 2 + 3, and is the only number that is part of more than one pair of twin primes, (3, 5) and (5, 7). It is also a sexy prime with the fifth prime number and first Repunit#Decimal repunit primes, prime repunit, 11 (number), 11. Five is the third factorial prime, an alternat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 1996
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dateline NBC
''Dateline NBC'' is a weekly American television news magazine/reality legal show that is broadcast on NBC. It was previously the network's flagship general interest news magazine, but now focuses mainly on true crime stories with only occasional editions that focus on other topics. The program airs Fridays at 10:00 p.m. Eastern Time (9:00 p.m. Eastern for special two-hour editions). Special Saturday encore editions also air at 9:00 p.m. (two-hour editions at 8:00 p.m.). Two-hour feature-length editions sometimes air on any given scheduled evening, often to fill vacancies in the primetime schedule on the program's respective nights due to program cancellations. In February 2021, the program aired its first ever docuseries, "The Widower," a five-hour true crime saga about a man who married six women, four of whom died. History Early ''Dateline'' is historically notable for its longevity on the network. The program debuted on March 31, 1992, initially airing only on Tues ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Southwick, Massachusetts
Southwick is a town in Hampden County, Massachusetts, United States. The population was 9,232 at the 2020 census, down from 9,502 at the 2010 census. It is part of the Springfield, Massachusetts Metropolitan Statistical Area. History Southwick was originally inhabited by either the Matitacooke, Mayawaug or Woronoake Native American tribes. Early history In the mid-17th century, pioneering English explorers moving up the Connecticut River Valley in search of fertile farmlands and game discovered the area and settled Southwick. It became a farming community, defined as the Southern ''(South-)'' village ''(-wick)'' part of the town of Westfield, Massachusetts. Early on, it was nicknamed "Poverty Plains" because the land was thought to be infertile. Its first residential home was built by Samuel Fowler and his wife Naomi Noble on what is now College Highway (US 202 and MA 10), about a quarter-mile north of the current town center. In colonial times, church attendance was man ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hudson River
The Hudson River is a river that flows from north to south primarily through eastern New York. It originates in the Adirondack Mountains of Upstate New York and flows southward through the Hudson Valley to the New York Harbor between New York City and Jersey City, eventually draining into the Atlantic Ocean at Lower New York Bay. The river serves as a political boundary between the states of New Jersey and New York at its southern end. Farther north, it marks local boundaries between several New York counties. The lower half of the river is a tidal estuary, deeper than the body of water into which it flows, occupying the Hudson Fjord, an inlet which formed during the most recent period of North American glaciation, estimated at 26,000 to 13,300 years ago. Even as far north as the city of Troy, the flow of the river changes direction with the tides. The Hudson River runs through the Munsee, Lenape, Mohican, Mohawk, and Haudenosaunee homelands. Prior to European ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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