(Reuters) - Bayou, which once managed around $400 million, collapsed in
2005 after the discovery of multiple frauds by its managers led
by Sam Israel III and Daniel Marino, both of whom later pleaded
guilty to various charges and await sentencing.
New York-based Hennessee, which is managed by Lee Hennessee
and her husband Charles Gradante, claimed it undertook a
rigorous, five-step due diligence review before recommending
clients invest in any hedge fund.
Read more at Reuters.com Mergers News
2005 after the discovery of multiple frauds by its managers led
by Sam Israel III and Daniel Marino, both of whom later pleaded
guilty to various charges and await sentencing.
New York-based Hennessee, which is managed by Lee Hennessee
and her husband Charles Gradante, claimed it undertook a
rigorous, five-step due diligence review before recommending
clients invest in any hedge fund.
Read more at Reuters.com Mergers News
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