March 30, 2015

CLO Funds Adviser Found to Have Had Faulty Valuation Procedures

The SEC brought fraud charges against Patriarch Partners, an investment adviser based in New York, certain related firms and Lynn Tilton for allegedly hiding the poor performance of loan assets in the Zohar Funds, three collateralized loan obligation (CLO) funds managed by Patriarch Partners. The SEC stated that Ms. Tilton…

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March 18, 2015

Adviser to Offshore Funds Committed Form ADV, Website and Other Violations

Acamar Global Investments, LLC, a formerly SEC-registered investment adviser, and its principal, Rudolph A. Martin, were the subject of an SEC enforcement action for allegedly making material misstatements about: * the firm’s assets under management, * the past performance of its proprietary investment models, and * the strategy and amount…

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