Money manager sends Institutional Investor a cease-and-desist letter

Leanna Orr of Institutional Investor writes about how hedge fund Marto Capitol founder Katina Stefanova sent the publication a cease-and-desist letter to try to prevent an article.

Orr writes, “That’s when Marto’s lawyers got involved.

“‘Ms. Stefanova has determined that she will no longer cooperate or deal directly with Ms. Orr,’ Michael Ledley wrote in a cease-and-desist letter — the second of three Institutional Investor has received from Marto.

“‘The recent substantial private investment was not a limited partnership interest in the hedge fund, and that going forward Marto Capital would be focusing on direct capital investments and strategic partnerships,’ Ledley wrote in a letter demanding that I cease and desist from reporting on the firm. ‘Accordingly, Marto Capital is not subject to SEC registration requirements. See, e.g., 15 U.S. Code § 80b–2(11).'”

“He reiterated that ‘Ms. Stefanova will not respond to, or engage with, Ms. Orr.'”

Read the article here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.