Beverly Hills Hedge Fund Manager's Assets Frozen

Law360, New York (April 29, 2009, 12:00 AM EDT) -- A federal judge has agreed to freeze the assets of a Beverly Hills, Calif.-based hedge fund manager who allegedly used false and misleading statements to raise at least $38 million from investors, nearly all of which he ended up losing.

On Wednesday, Judge Valerie Baker Fairbank of the U.S. District Court for the Central District of California signed a temporary restraining order freezing the assets of Bradley L. Ruderman, 46, and his two hedge funds, Ruderman Capital Partners and Ruderman Capital Partners A.

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