Tag Archives: disagreements


Ritchie Funds Sued by Barclays Over Hidden Petters Group Stake

Bloomberg – Ritchie Capital Management and Thane Ritchie, the hedge fund manager’s principal, were sued by Barclays Bank Plc over accusations they concealed more than $150 million in investments made in the collapsed Petters Group Worldwide LLC and affiliates. Now […]

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, […]

The Players: Hedge Funds’ Richest

Philip Falcone The Phantom Falcone, 46, has been dubbed the "Midas of misery" for taking lucrative short positions in the shares of struggling banks including HBOS and Wachovia. He lives in a 27-room townhouse on Manhattan’s Upper East Side bought […]

Whitebox hedge fund puts halt to cashing out

Minneapolis Star Tribune – Hedge fund manager Whitebox Advisors won’t let customers cash out, according to a national publication that follows the lightly regulated industry that manages money for affluent individuals and institutions. The Minneapolis firm, which runs about $4 […]

Judge Says No More Lawsuits Against Petters

New York (HedgeCo.Net) – Former hedge fund manager turned ponzi-schemer Tom Petters is being sued by so many parties that the Minneapolis federal judge actually had to call a “timeout” yesterday.  Judge Ann Montgomery called the cease-fire after court-appointed receiver […]

UPDATE-Airline Files For Chap.11 After Petters Arrest

West Palm Beach (HedgeCo.net) – Holiday airline Sun Country filed for bankruptcy yesterday, just 3 days after the arrest of investor Thomas Petters, founder of Petters Group Worldwide, the firm that owns Sun Country among other investments. Petters was charged […]

Buffett Wannabe Tied to $2 Billion Ponzi Scheme

New York Post – Billionaire Tom Petters fancied himself the next Warren Buffett – that is until his empire starting crashing down like a house of cards. The feds accuse Petters, one of Minneapolis’ fastest rising business stars, of secretly […]

Gottex, Acorn Funds May Be Victims of Petters Lending

Bloomberg – Hedge-fund managers Gottex Fund Management Holdings Ltd. and Acorn Capital Group LLC are among at least 20 investors the FBI said may have been victimized by a fraudulent lending scheme that could exceed $2 billion. The alleged fraud […]

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