Jan 28 (Reuters) -
* SEC says qed benchmark management, fund manger peter kuperman to reimburse
$2.88 million investor losses
* SEC says settles administrative proceedings with Manhattan firm and its
Toronto-based hedge fund manager
* SEC says defendants concealed heavy trading losses by using misleading blend
of real, hypothetical returns to show performance
* SEC says kuperman also agrees to pay $75,000 penalty and accept securities
industry ban
* SEC says defendants settled without admitting or denying wrongdoing