Marble Ridge Developments

A hedge fund manager has been arrested and charged with fraud in connection to neiman marcus bankruptcy.

Marble ridge developments.

Daniel kamensky the founder and manager of new york based hedge fund marble ridge capital was arrested and charged in manhattan federal court on thursday with securities fraud wire fraud. Dan kamensky marble ridge s managing partner and principal was charged with securities fraud extortion wire. Kamensky started his career as a bankruptcy attorney and has over 21 years of industry experience investing across complex multi jurisdictional distressed and event driven situations. The founder of the now shuttering hedge fund marble ridge was arrested on thursday over his alleged conduct in the neiman marcus bankruptcy the latest development in a bizarre episode that has consumed the proceedings as the retailer moves closer to emerging from bankruptcy.

Marble ridge was launched to capitalize on the strategy and skill set of managing partner portfolio manager dan kamensky. Marble ridge plans to raise around 200 million more starting on april 1. Dan kamensky the founder of marble ridge capital lp has been charged by new york.