The Greedsters Sequels: HEDGE-FUND MANAGER NEEDS NEW STRATEGY

Wednesday, August 29, 2012

HEDGE-FUND MANAGER NEEDS NEW STRATEGY

WSJ - Mr. Chetan Kapur, founder and present lone manager of ThinkStrategy Capital Management, LLC, has been charged with securities fraud, investment-advisor fraud and wire fraud by a grand jury. Mr. Kapur started the company in November, 2002 and two of his executives have pleaded guilty and have been convicted of fraud. The year 2008 saw the peak of investor capital of $520 million poured into the company. One executive, Mr. Arthur Nadel, was imprisoned and died in April, 2012. The other executive pled guilty and is serving a 20-year sentence. 3 up and 3 down - wrong strategy. Certainly a new one is needed.

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