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Market Impact: 0.3
Oraclum Hedge Fund Founder Is Charged With Lying About Returns
Source: Bloomberg
Legal & LitigationManagement & GovernanceHedge Funds & Alternative Investments
Vuk Vukovic, founder of New York hedge fund Oraclum Capital LLC, was federally charged with lying to investors about the fund's performance. The allegation creates material legal, governance and investor-trust risks for Oraclum, though the reported event is unlikely to have broad market impact.
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