[ by Melanie Gretchen ] A Jersey City, NJ, hedge fund has been ruined from the inside. According to sources familiar with the situation, partner of the Osiris Fund Peter Zuck has fled with investors' money toward the fund's end. Michael Spak, CEO of Osiris Investments, which manages the fund, reported the 61-year-old Zuck to the FBI, according to a source.  A background check for Zuck turned up the time he spent in a New Jersey prison - over a year beginning in 1995 - after being found guilty of "misconduct by a corporate official." Launched in early 2009 with some $6 million from 4 founding partners and their families, it went public in December 2009.  Rather than requiring a minimum of $1 million or more, the Osiris Fund was open to investments of a minimum of $150,000. In April 2010, Bloomberg reported the fund ranked third out of 3,527 top performing global hedge funds.  To date, no investor money has been recovered, and Zuck is gone.  Of the original 4 founders, one left in 2010 and the 2 remaining, including Spak, are workering with authorities. [FINRA, 1/27/12]