Tag Archives: dozens


Hedge funds shut out as banks win IMO

Times Online – A group of banks that financed the £450 million leveraged buy-out (LBO) of car wash group IMO will take control of the struggling business leaving a rival group of hedge fund investors with nothing. In a High […]

Ken Moelis Waits for Bat Phone to Ring as Wall Street Rebounds

Bloomberg – The office of Kenneth Moelis in Los Angeles is a shrine to an investment banking career spent catering to the rich. Shelves and a table groan under the weight of dozens of Lucite deal tombstones featuring companies controlled […]

Feds raid 2 NY homes owned by Ohio hedge fund firm

Newsday – FBI agents have raided a pair of multimillion-dollar Buffalo-area homes owned by a hedge fund firm from Cleveland. Dozens of agents on Wednesday swarmed the neighboring properties in Hamburg, just south of Buffalo. The U.S. Attorney’s office isn’t […]

Florida Hedge Fund Fraudster Remains in Federal Custody

New York (HedgeCo.Net) – A former Florida hedge fund manager is being held without bail in a West Palm Beach prison after prosecutors convinced the judge he is a flight risk.  Attorneys for Won-Sok Lee were seeking a continuance for […]

Shapiro a Madoff Victim

HorseRaceInsider.com – Richard Shapiro, former chairman of the Califorinia Horse Racing Board, has been "devastated" financially by the $50-billion Ponzi scheme that was engineered by Bernard Madoff, according to a letter that Shapiro wrote to a U.S. Congressman. "Nearly all […]

Asia’s bull run ends in 2008 with record falls

Miami Herald – Nearly two-thirds said they had lost 70 percent of their investments or more, according to the survey by the Shanghai Securities News, a newspaper affiliated with the stock exchange. Many Asian hedge funds, meanwhile, took a drubbing […]

Wall Street Cuts Off Paramount: No Takers For $450 Million Movie

The Business Sheet- After spending nine months trying to close a $450-million film financing deal to offset the cost of 30 upcoming movies, Paramount has been forced to give up the chase. The studio was working with Deutsche Bank to […]

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