June 21, 2021

Grayson drops ‘Grayson’ from funds’ names

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os-grayson-drops-grayson-from-hedge-funds-2015-001By Scott Powers From Orlando Sentinel

Grayson drops ‘Grayson’ from names of controversial hedge funds he runs.
While continuing his position that there was never anything wrong with the practice to begin with, U.S. Rep. Alan Grayson is dropping his name from hedge funds he runs, funds that had drawn ethics complaints and political criticism alleging he was violating rules by using his name to make money.

Two weeks ago Grayson, D-Orlando, filed paperwork with the state of Florida indicating that The Grayson Fund General Partner, LLC, would henceforth be named The Sibylline Fund General Partner, LLC; and that The Grayson Fund Management Company, LLC, would be known as The Sibylline Fund Management Company, LLC.

In addition, his campaign said Monday that Grayson was removing his name from all other funds, which had included, Grayson Fund LP, the Grayson Master Fund (Cayman) LP and Grayson Fund (Cayman) Ltd.

“There’s nothing wrong with any of the investor partnerships using ‘Grayson’ in its name, but at this point, it’s simply easier to change the names than to argue about it,” stated Kevin Franck, spokesman for Grayson’s U.S. Senate campaign.

Others had disagreed. Grayson had been challenged in two ethics complaints filed last summer with the U.S. House of Representatives, alleging several violations with regard to those funds, most fundamentally that he had violated Congressional rules by allowing a company to make money off his name.

There has been no disclosure of any resolutions of those complaints.

Grayson and his U.S. Senate campaign have charged that the complaints and allegations were all being raised by political opponents. Grayson is facing U.S. Rep. Patrick Murphy, D-Jupiter, in seeking the Democratic nomination for the U.S. Senate seat being vacated by U.S. Sen. Marco Rubio.

Grayson has insisted repeatedly that none of the funds with his name made money from h is name. He and his representatives insisted that no rules or laws were ever violated. The name changes are voluntary, and come with no directives from any officials that he change the names, his campaign reported.

Sibylline is apparently a reference to the Sibyls, described in Wikipedia.org as ancient Classical-period prophetesses whose “Sibylline Oracles” are a collection of writings of Greek, Roman, Jewish and early Christian predictions and musings.

IMAGE: Alan Grayson

For more on this story go to: http://www.orlandosentinel.com/news/politics/political-pulse/os-grayson-drops-grayson-from-hedge-funds-20150921-post.html

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