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Donations to the Max and Leila Stern Fund, Weill Cornell Medical School, 525 E. 68th Street, NY, NY 10021 would be appreciated.
He was executive director of the Stern Fund, a liberal, Manhattan-based foundation, from 1963 until it ceased operations in 1986.
The Stern Fund was an early backer of causes like black voter registration in the South, the anti-nuclear movement and public-interest law firms.
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By explanation, they point out that Mr. Stern's fund, Canary Capital, was never registered with the commission, unlike many hedge funds.
Mr. Stern's funds earned $85 million from these trades, the S.E.C. said, and paid Security Trust more than $5.8 million.
Just a few months after Mr. Stern's funds began to funnel their illegal trades through Security Trust, an employee of the company asked Mr. Seeger, along with Mr. Kenyon and Ms. McDermott, whether the "S.E.C. wouldn't have a problem with our trading practices," the commission said.
Reprints Related items Hedge funds: Too stern a handJul 15th 2004 Financial services: Where the hedge funds hideApr 17th 2003Depending on whose figures you believe, there are 6,000-8,000 hedge funds around the world, which together manage $1 trillion or so.
Two weeks later, Mr. Spitzer filed criminal charges against a Bank of America broker who arranged for Mr. Stern to trade mutual fund shares after hours.
The fund had stern words for American policy makers: avoid the "fiscal cliff" and lift the debt ceiling promptly, for the sake of the United States economy as well as the world's.
Mr. Spitzer filed criminal charges against a Bank of America broker who arranged for Mr. Stern to trade mutual fund shares after hours, and the company has dismissed a group of executives.
The International Monetary Fund's stern bookkeepers have moved in, and the Asian crisis is history.
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