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Bear Stearns Not Liable for Fraudulent Fund

on Tuesday, July 1st, 2008 at 12:00 am

New York (HedgeCo.Net) - Bear Stearns has triumphed in a case involving disgruntled investors seeking $141 million for the losses they incurred following the collapse of the Manhattan Investment Fund Ltd., a hedge fund where Bear served as the prime broker.
The fund, which filed for Bankruptcy in 2000, started experiencing losses almost immediately after its […]

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CSX, hedge funds face off in US court

on Thursday, May 22nd, 2008 at 12:00 am

Reuters- The chief executive of CSX Corp said in court on Wednesday he felt targeted by activist investors seeking to get seats on the board of directors, but the rail company negotiated with them in good faith to try to find common ground.
CSX sued The Children’s Investment Fund Management, a hedge fund known as TCI, […]

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