Beacon Hill Faces Criminal Charges February 24, 2003 Federal prosecutors have launched a criminal investigation into hedge fund firm Beacon Hill Asset Management, which closed two of its hedge funds after they sustained massive losses in September in the wake of the surge in Treasury prices. [more] -------------------------- Former Hedge Fund Manager Indicted on Fraud Charges February 20, 2003 Former hedge fund manager Edward Thomas Jung was indicted for wire and securities fraud Tuesday in Chicago on charges that he swindled 55 investors of more than $21 million, according to a statement from the U.S. attorney's office in Chicago. [more]