Aeneas Director Settles Transfer Claims.

The article reports on the settlement between former Aeneas Capital Management director Thomas Palmer and the U.S. Securities and Exchange Commission (SEC) over allegations of unauthorized cash transfers of hedge funds. The SEC has claimed that Palmer made five such transfers from two Aeneas Capital funds to a fund managed by Priam Holdings in a bid to reach the margin calls of the latter. Under the settlement agreement, the allegations were neither admitted nor denied by both Palmer and the fund operator.