SEC seeks takeover of Kowalewski fund to protect investors

``The agency claims that Kowalewski misled new investors in his hedge funds as recently as Dec. 28, improperly moved $1 million in investments earlier this month into one or more SJK accounts, and “repeatedly made misstatements to the (SEC) during his sworn testimony” in late November... SJK’s hedge-fund clients include institutional investors such as St. Joseph’s/Candler Health System of Savannah, Ga., and more recently, the Retirement Plan Committee of Hickory Springs Manufacturing Co. in Hickory.''