Fed liquidating hedge fund

The banks argued that many of their positions were in illiquid investments on which they would have to take significant losses to exit.The banks stated that their ownership interests in hedge funds and private equity funds were at risk of losing substantial value if they were forced to liquidate them quickly.The regulations define a trading account based upon three criteria: a purpose test for the account, the market risk capital rule test and the status test.The rules states that trades are presumed to be for the trading account of a bank if the bank held the position for 60 days.Proprietary trading is defined by the rule as a bank serving as a principal of a trading account in buying or selling a financial instrument.

29, 2016, from more than

29, 2016, from more than $1 billion two years earlier.

Weeks later, Ahuja notified limited partners that he was liquidating the fund and shutting down the firm.

Ahuja, who launched Premium Point in 2009, previously headed mortgage-bond trading at Deutsche Bank.

But according to the indictment, Premium Point used imputed broker quotes anyway — despite follow-up inquires from the fund-of-funds manager seeking assurances that the alleged fund wasn’t deviating from its policy.

The Premium Point executives also were accused of inducing brokers to furnish inflated mortgage-bond prices so that Premium Point could pump up its net asset values and artificially boost returns.

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29, 2016, from more than $1 billion two years earlier.Weeks later, Ahuja notified limited partners that he was liquidating the fund and shutting down the firm.Ahuja, who launched Premium Point in 2009, previously headed mortgage-bond trading at Deutsche Bank.But according to the indictment, Premium Point used imputed broker quotes anyway — despite follow-up inquires from the fund-of-funds manager seeking assurances that the alleged fund wasn’t deviating from its policy.The Premium Point executives also were accused of inducing brokers to furnish inflated mortgage-bond prices so that Premium Point could pump up its net asset values and artificially boost returns.

billion two years earlier.

Weeks later, Ahuja notified limited partners that he was liquidating the fund and shutting down the firm.

Ahuja, who launched Premium Point in 2009, previously headed mortgage-bond trading at Deutsche Bank.

But according to the indictment, Premium Point used imputed broker quotes anyway — despite follow-up inquires from the fund-of-funds manager seeking assurances that the alleged fund wasn’t deviating from its policy.

The Premium Point executives also were accused of inducing brokers to furnish inflated mortgage-bond prices so that Premium Point could pump up its net asset values and artificially boost returns.

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