SEC Charges Hedge Fund Adviser With Deceiving Investors by Inflating Fund Performance

SEC Press Release 2018-83 The Securities and Exchange Commission today announced that it has charged New York-based investment adviser Premium Point Investments LP with inflating the value of private funds it advised by hundreds of millions of dollars. The SEC also charged Premium Point’s CEO and chief investment officer Anilesh Ahuja as well as Amin Majidi, a former partner and portfolio manager at the firm, and former trader Jeremy Shor. According to the SEC’s complaint, the scheme ran from at least September 2015 through March 2016 and »