Tag Archives: brooklyn
Ex-Bear Hedge Manager Allegedly Sought to Use Funds for Condo
Bloomberg – Former Bear Stearns Cos. hedge fund manager Ralph Cioffi, indicted for an alleged fraud that helped bring down the securities firm, attempted to use his $2 million redemption from a fund he supervised as collateral for a condominium, […]
Hedge fund group cancels winter event
Minneapolis Star Tribune – The local hedge fund industry has canceled its Winter Ball, scheduled for the Minneapolis Club in December, "due to volatility within the hedge fund industry." The big shooters at Deephaven Capital Management, Whitebox Advisors, Pali Capital, […]
‘Wave’ of credit crunch cases set to emerge
Times Online UK – Litigation departments at the City’s leading law firms have grown significantly busier in recent weeks as investors turn to legal action to recover losses suffered as a result of the financial crisis. Although lawyers have been […]
Delphi judge moves ahead in Appaloosa fraud case
Vindicator – A bankruptcy judge said Wednesday he may let Delphi pursue wider fraud claims against the Appaloosa Management hedge fund, which backed out of a deal to invest $2.55 billion in the auto supplier. Appaloosa had led a group […]
Hedge funds plan to sue FSA over short-selling ban
Daily Telegraph – Lawyers are being galvanised on behalf of a raft of hedge funds which claim the financial watchdog has illegitimately extended its powers and caused "wide-spread capital destruction." One said: "The FSA’s remit is to maintain orderly markets […]
US lawyers busy as hedge funds face scrutiny
Reuters- It’s turning into a busy summer for U.S. lawyers who advise hedge funds as the industry faces growing questions about potentially manipulative trading and regulators are knocking at fund managers’ doors. With the markets in turmoil, the loosely regulated […]
Court supervision for failed funds
Caymen Net News- On Monday, 21 July, lawyers representing PricewaterhouseCoopers filed a formal petition in Grand Court to put the liquidation of several failed hedge funds under court supervision. Chief Justice, Anthony Smellie, granted all of the petitions, which will […]
The last-minute surprise that is ‘maintaining consumer confidence’
Times Online- Proper consultation is the rock upon which good regulation is founded. And for the Financial Services Authority, consultation is in its DNA. So when it does the unthinkable and drops a bombshell without warning or discussion — as […]
High Court rejects hedge fund Expro deal block
Daily Telegraph- The High Court has rejected an audacious last-gasp bid by hedge funds to block Candover’s £1.8bn bid for oil services group Expro. Hedge funds holding around 25pc of Expro – led by Mason Capital and Sandell Asset Management […]
