This is interesting. Need to do your DD.
After Altholtz broke ties with Goulding and Nutmeg, he hired George Q. Stevens to be the adviser to his funds, seeking new deals and trying to maximize returns. Stevens, who had also researched potential investments for Goulding, said Altholtz inherited some "pretty ugly deals" from Nutmeg.
"And the records were so convoluted and so disorganized, it took me six months to figure out what was going on," he said.
Stevens recommended closing the funds and returning the proceeds to investors. When that didn't happen, Stevens left in January 2010.
"I was investment adviser, but I did not have control of the funds — Harvey did," Stevens said. "I was really uncomfortable and got more and more uncomfortable over time."
Market Data 
Markets 
AI
