New Castle Set Back by Galleon Liquidation, Loss of UBP Deal
Thursday, October 22, 2009 : PermalinkBloomberg – New Castle Funds LLC’s efforts to survive the arrest of its co-founder in the Raj Rajaratnam insider-trading case were set back as a Swiss bank ended a partnership and Rajaratnam decided to liquidate his funds.
Union Bancaire Privée liquidated a fund that it hired New Castle to manage, the Geneva-based bank said yesterday in an e- mailed statement. The Luxembourg-registered Market Neutral U.S. Equity fund had assets of $36.1 million at Aug. 4, according to Bloomberg data.
More on this topic
(What's this?)
“The Next Major Bank Stock Set to CRASH” Dan Amoss
(Stock Gumshoe, 8/17/09)
Colonial Bank Fails, Biggest Since WaMu
(naked capitalism, 8/15/09)
Hot New Spanish Model… for Banking
(Investment U, 8/4/09)
The Next Shoe to Drop in Banking
(Condor Options, 8/19/09)
Leave a Comment:
Related posts
Tags:
assets, equity-fund, insider trading, liquidation