Latest news with #TyphonCapitalManagement
Daily Mail
10-05-2025
- Business
- Daily Mail
Glamorous Miami hedge funder banned from US after lying to immigration officials
A glamorous Miami hedge fund manager has been barred from the US after allegedly lying to immigration officials. Jasmina Midzic, a managing director at Typhon Capital Management, was detained for 26 hours at Los Angeles Airport on Sunday, the New York Post reports. The Croatian national had jetted in from London, but was put back on a plane to the UK after being denied entry to the US, per the outlet. Officials claim she confessed to illegally working her $13,000-a-month job on a tourist visa. Midzic strenuously denied any wrongdoing when contacted by the New York Post. 'My friends are judges and prosecutors in the US, I would not break the law,' she said. 'This is horribly violating my rights on so many levels.' Midzic, 36, was on her way to attend the Milken Institute Global Conference, attended by the likes of Elon Musk and Jill Biden when her travel plans were derailed. 'They didn't listen because I am a white European and I work for a hedge fund,' she told the Post. 'They got very offended that I don't want American citizenship.' Glamorous Miami hedge fund manager Jasmina Midzic has been barred from the US after allegedly lying to immigration officials Midzic, a managing director at Typhon Capital Management, was detained for 26 hours at Los Angeles Airport on Sunday The financier was travelling to the US to try and raise capital for Typhon, according to those with knowledge of the matter. Midzic previously worked as a manager for New York City-based JurisTrade, according to her LinkedIn. Her boss James Koutoulas, who founded both JurisTrade and Typhon, insisted that Midzic has not violated any immigration laws. 'If they want to smear her, then I will see them in court,' Koutoulas told the Post. Midzic's corporate biography on the Typhon website states that she gained, 'significant international finance experience working in New York, London, Zug, Dubai, and Miami'. While she has since switched to a private Instagram, evidence of her jet-set lifestyle is still evident on other social media pages. Her Facebook is peppered with images of her hitting the slopes in the French Alps, lounging at the beach and popping bottles of champagne. Typhon manages around $250 million worth of assets, according to Business Insider. Tricia McLaughlin, assistant secretary at the Department of Homeland Security, told The Post Midzic 'had violated the terms of her admission under her B1/B2 visa.' 'Immigration laws must be followed — those seeking to work in the United States must do so through legal and lawful means or face the consequences,' McLaughlin said. Insiders told the outlet that officials became suspicious about the frequency of Midzic's trips to and from the country. One source said that the financier had unsuccessfully applied for an L1 visa in 2023. A L1 visa a non-immigrant visa for international companies to transfer employees to the US. Typhon founder Koutoulas previously found himself in hot water after the SEC announced it was probing him over whether he violated federal securities law with the sale of his 'Lets Go Brandon' (LBG) Coin. The probe has since been closed. Meanwhile Midzic is not the only person to be caught in the crosshairs of the Trump administration's immigration crackdown. A British woman was sent to a detention center after officials said she had incorrect documentation while entering through the US-Canada border. Welsh tourist Becky Burke, 28, was held for 19 days over the 'visa mix up'. ICE officers have also rounded up thousands of alleged illegal migrants in a bid to deliver the president's mass deportation pledge. On Friday Trump officials announced that he is looking at suspending the key constitutional right of habeas corpus, the right of a person to challenge their detention in court, as part of his plans. 'The Constitution is clear, and that, of course, is the supreme law of the land, that the privilege of the writ of habeas corpus can be suspended in a time of invasion,' White House deputy chief of staff Stephen Miller told reporters. 'So it's an option we're actively looking at,' Miller said. 'A lot of it depends on whether the courts do the right thing or not.'
New York Post
09-05-2025
- Business
- New York Post
'Balkan beauty' hedge funder banned from US over immigration 'lies'
A glamorous, jet-setting Miami hedge funder known for her Instagram selfies has been banned from US soil for five years — after she admitted to immigration officials that she had been working in the country illegally, The Post has learned. Jasmina Midzic — listed as a managing director at Typhon Capital Management with a habit of posting photos of herself dressed in pricey outfits and skimpy bikinis in exotic locales — was put on a plane back to London from Los Angeles this past Sunday, sources close to the case told The Post. That was after the 36-year-old Croatian national, who holds British permanent residency, made a botched attempt last Saturday to attend the Milken Institute Global Conference, an LA summit for the financial elite whose guests included Treasury Secretary Scott Bessent, Elon Musk and Jill Biden. 10 Midzic documents her jet-setting lifestyle on her Instagram account with her regular lavish trips abroad. Instagram/jasminamidzic 10 She made a thinly-veiled reference to the immigration row on social media. Instagram/jasminamidzic Midzic's now-private Instagram account — which she used last Halloween to show off a provocative nurse's costume paired with red lingerie — lists her official residences as London and New York. Over the weekend, she confessed to authorities that she had been illicitly working in her $13,000-a-month job for her Miami Beach-based firm on a visitor visa, multiple senior officials said. A source close to the Balkan beauty said she was back in Britain on Monday. Late Wednesday, she posted a pouty-lipped Instagram selfie from London's swanky Mayfair district, dressed down in a baseball cap and sports jersey. 'It ain't about how hard you get hit, it's about how hard you can get hit and keep moving forward,' she wrote in the post. 10 Midzic had planned to attend the swanky summit at the Beverly Hilton, a regular shindig for the global financial elite. Facebook/Milken Institute Contacted by The Post on Friday, the investor relations specialist denied any wrongdoing in an emotional interview. 'My friends are judges and prosecutors in the US, I would not break the law,' she sobbed over the phone. 'This is horribly violating my rights on so many levels.' Midzic said she was detained at LAX for 26 hours before being flown back to London Heathrow Airport. 'They didn't listen because I am a white European and I work for a hedge fund,' she claimed. 'They got very offended that I don't want American citizenship.' Midzic also held a management role at Typhon's sister firm, JurisTrade, a litigation finance firm that specializes 'in connecting law firms, claim owners, and investors.' James Koutoulas, the founder of both firms, also hit back at the accusations, saying that his senior executive 'did not break any immigration laws.' 10 Midzic is now back in London and she plans to go to the US embassy to correct what she called 'a misunderstanding.' Instagram/jasminamidzic 'If they want to smear her, then I will see them in court,' said Koutoulas, whose Typhon firm drew SEC scrutiny after launching the anti-Biden 'Let's Go Brandon' coin. But Tricia McLaughlin, assistant secretary at the Department of Homeland Security, told The Post that officers booted Midzic because she 'had violated the terms of her admission under her B1/B2 visa.' 'Immigration laws must be followed — those seeking to work in the United States must do so through legal and lawful means or face the consequences,' McLaughlin said. US government sources, speaking on condition of anonymity, said officials became suspicious about Midzic's frequent trips to the US and pulled her aside for questioning after she landed at LAX on Saturday. 10 Midizc was sent back to London after being denied entry to the United States. Instagram/jasminamidzic The officials said the fit financier then confessed that she had not told the truth when she had arrived in the US on her regular jaunts to this side of the Atlantic, and she could not provide proof of her right to work in this country during her fiery exchanges with CBP staff. 'This visa is for enjoying our beautiful country. It's for visiting Hollywood or Disneyland,' a senior source close to the case said. 'She admitted that she was working. Immigration law applies to everyone, whether you are a construction worker or a hedge fund manager.' Midzic 'applied for an L1 visa in 2023, but it was denied.' an insider added. 'She stated that she was engaged in unauthorized employment for Typhon Management since 2021 and JurisTrade since 2024.' 10 Midzic has kept a residence in Britain for just over a decade and has what is known as 'leave to remain': the UK's answer to green card status. Instagram/jasminamidzic The Post has not been able to verify which airline she used to travel to LA. CBP regulations state that those denied entry must be returned on the next available seat on the carrier they used to arrive. 'She lied, and this will hurt her reputation forever,' said one high-level source, who was not authorized to speak to the media. 'It's a self-inflicted wound.' All comments made by anyone going through a US immigration check are made under oath, which are also known as sworn statements. 'She was on a retainer for both companies to the amount of $13,000 a month,' the source close to the case said. 'She was coming to the US to raise capital and meet clients for both companies in her role as a managing director.' 10 Midzic was pulled aside at Los Angeles airport when officers became suspicious about her recent visits to the United States. MichaelVi – Officials told The Post that only a federal judge can issue a formal deportation order, but CBP officers have the legal power to refuse entry to a foreign national 'knocking at the door' of the United States. Anyone hit with 'a denial of entry order' can appeal at a US embassy abroad if they provide sufficient evidence that the diktat was unfair and wrongly issued. Social media posts show that Midzic has been a regular at the annual Milken conference at the Beverly Hilton, having posed with Jefferies CEO Rich Handler at the forum in 2023. Elsewhere, she is seen frolicking with friends at the luxurious Swiss ski resort of St Moritz, and three weeks ago she landed VIP grandstands seats alongside for the Bahrain Formula 1 Grand Prix. Another string of videos from London entitled 'Home?' shows her at private members club 5 Hertford Street. 10 Midzic landed VIP seats for the Bahrain Formula 1 Grand Prix just a few weeks ago. Instagram/jasminamidzic Sources close to Midzic claimed that she even planned to leverage her contacts inside the Trump administration to try and get the five-year ban overturned. Hotshot New York immigration lawyer Michael Wildes, who represented First Lady Melania Trump and her family, warned foreign nationals that CBP officers are acting with 'bravado' after the election of President Donald Trump as they crack down on possible illegal entries. 'The frequency of visits is what raised an eyebrow. This was a very easy clip,' Wildes told The Post. 'The government will have very little appetite to accommodate her for more sophisticated visas.' 10 Top attorney Wildes represented First Lady Melania Trump and her family. Courtesy of Michael Wildes The star attorney, whose father represented Beatles frontman John Lennon, added: 'They probably nailed her on her own admissions, or she had emails or materials on her person that showed she was brazen about her status. 'Had she had the judgment to get good counsel, she would have avoided this fiasco.' An SEC filing shows Midzic also enjoyed a spell at the Swiss crypto firm Seba Bank, now known as Amina, as the company's director of client management in the tiny, low-tax canton of Zug, a hotspot for Europe's uber-rich. 10 Midzic also spent time working in investor relations in the UK and Switzerland. Instagram/jasminamidzic She also had stints in investor relations in London with Taylor Rafferty and ZPX Venture Capital, the April 15 filing states. Typhon Capital Management describes itself as a 'multi-strategy hedge fund' that was founded in 2008 by CEO Koutoulas, a former commodities trader and attorney. The Gary Gensler-led SEC under the previous administration said last year that it was 'investigating whether Koutoulas or entities he controlled violated the federal securities law' in the launch of the Let's Go Brandon coin. The probe has since been closed.
Yahoo
12-03-2025
- Business
- Yahoo
Hedge funds unwinding risk as in early days of COVID, Goldman Sachs says
By Carolina Mandl NEW YORK (Reuters) -Hedge funds unwound positions in single stocks on Friday at the largest amount in over two years, with some activity comparable to March 2020, when portfolio managers cut market exposure during the pandemic, Goldman Sachs said in a note on Monday. U.S. major stock indexes plummeted on Monday, with the Nasdaq down 4%, amid fears that President Donald Trump's tariff policy will drive the world's largest economy into a recession. 'It was a classic de-leveraging crunch,' said James Koutoulas, CEO at hedge fund Typhon Capital Management. Goldman Sachs detailed that hedge funds' sale of single name stocks was the biggest in over two years. It added some hedge funds' large de-risking moves in concentrated trades could be compared to what was seen in March 2020. It also cited January 2021, when hedge funds covered short positions in so-called meme stocks, popular among retail investors. Hedge funds' unwinding comes at a time when leverage in the industry is at a record level. A separate Goldman Sachs note showed overall hedge funds' leverage in equity positions was at 2.9 times their books, a record level over the last five years. Some investors told Reuters they were concerned that some high-leverage hedge fund could keep de-risking in the coming days, impeding a potential market recovery. Hedge funds unwound long and short positions that Goldman Sachs said were crowded, or common among many investors. Goldman Sachs saw a risk-off trend in 10 of the 11 global sectors, mainly in industrials. The risk-off trend was seen across all regions, but mainly in the U.S. On Monday morning, before the major indexes dipped even further, equities long/short hedge funds were down 1.5%, while systematic managers were down 0.3%, according to the bank. Sign in to access your portfolio
Zawya
11-03-2025
- Business
- Zawya
Hedge funds unwinding risk as in early days of COVID, Goldman Sachs says
NEW YORK: Hedge funds unwound positions in single stocks on Friday at the largest amount in over two years, with some activity comparable to March 2020, when portfolio managers cut market exposure during the pandemic, Goldman Sachs said in a note on Monday. U.S. major stock indexes plummeted on Monday, with the Nasdaq down 4%, amid fears that President Donald Trump's tariff policy will drive the world's largest economy into a recession. 'It was a classic de-leveraging crunch,' said James Koutoulas, CEO at hedge fund Typhon Capital Management. Goldman Sachs detailed that hedge funds' sale of single name stocks was the biggest in over two years. It added some hedge funds' large de-risking moves in concentrated trades could be compared to what was seen in March 2020. It also cited January 2021, when hedge funds covered short positions in so-called meme stocks, popular among retail investors. Hedge funds' unwinding comes at a time when leverage in the industry is at a record level. A separate Goldman Sachs note showed overall hedge funds' leverage in equity positions was at 2.9 times their books, a record level over the last five years. Some investors told Reuters they were concerned that some high-leverage hedge fund could keep de-risking in the coming days, impeding a potential market recovery. Hedge funds unwound long and short positions that Goldman Sachs said were crowded, or common among many investors. Goldman Sachs saw a risk-off trend in 10 of the 11 global sectors, mainly in industrials. The risk-off trend was seen across all regions, but mainly in the U.S. On Monday morning, before the major indexes dipped even further, equities long/short hedge funds were down 1.5%, while systematic managers were down 0.3%, according to the bank. (Reporting by Carolina Mandl, in New York; Editing by David Gregorio)
