Appaloosa Management and Carlson Capital under SEC Scrutiny

April 1st, 2010
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The SEC is currently conducting legal inquiries into hedge funds like David Tepper’s Appaloosa Management LP and Clint Carlson’s Carlson Capital LP. According to a Wall Street Journal article released last week, the SEC believes both firms may have engaged in illegal trading involving stock shorting and prohibited betting, which oppose federal provisions related to security price manipulation.

A spokesman for Carlson Capital said the firm has been “cooperating fully with the SEC” regarding the inquiry, while representatives from Appaloosa Management and the SEC declined to comment.
For Detailed Investor Profiles on these Investors, click below:
Appaloosa Management
Carlson Capital
Related People: Clint Carlson; David Tepper; Jack Walton; Jason Karp*; Mike McMahon; Ronald Hulme*
Related Entities: Asgard Investment Corp; Black Diamond Hedge Funds; Carlson Alternative Advisors; Carlson Capital GP; Carlson Capital LP; Carlson Offshore Advisors; Double Black Diamond LP; Palomino Funds.
Related Article Tags: Hedge Fund Fraud and Ponzi Scheme News


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