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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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NYC Hedge Fund Manager Indicated on Fraud

Jan 22, 2014
Jing Chen

Bryan Caisse, a New York City hedge fund manager, has been charged in a $1.2 million Ponzi scheme after being arrested in Colombia.

CBS reported that Caisse, who fled the U.S. after authorities searched his apartment last October, has pleaded not guilty Tuesday to grand larceny and other charges.

According to prosecutors, Caisse promised to invest the money he got from friernds to start a hedge fund firm but instead use it for his own personal expenses, including housing rental payments and car services.

Manhattan District Attorney Cyrus Vance Jr. has set Caisse’s bail at $3 million.

 

 

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