Tag Archives: last-november


Fairfield Hedge Funds Sued by Madoff Trustee

Newsinferno.com – Bernard Madoff trustee, Irving Picard, has sued three Fairfield Greenwich Group hedge funds—Fairfield Sentry Ltd., Greenwich Sentry LP, and Greenwich Sentry Partners LP—in a clawback suit that seeks the return of $3.54 billion to repay victims of Madoff’s […]

UK’s biz tycoons to flee high-taxed Britain

Indopia – Britain’s leading entrepreneurs are considering to leave the country as a mark of protest against UK Chancellor Alistair Darling’s new 50 per cent tax rate, a media report says. " Hugh Osmond, the pubs to insurance entrepreneur, is […]

The last, frantic days of Perot family hedge fund

Dallas Morning News – To bank employees monitoring the hedge fund’s collapse, the e-mailed instructions were emphatic. "No securities, or cash, FOR ANY REASON are allowed to be sent out from JP Morgan." At issue that morning last November were […]

SUMMIT-SNAP ANALYSIS-G20 adds flesh to regulatory bones

CNN Money – They are finally getting more serious on regulation. But success will hinge on delivery, not just detail. The G20 summit in London will adopt a more detailed approach to overhauling the world’s financial rules in a bid […]

Hedge Fund Corporate Welfare

TPMCafé – Last November, Ken Griffin told investors in his Citadel Hedge Funds that they couldn’t withdraw their money, but he was still going to charge a 2% management fee on their trapped funds. Oren Kramer a rival hedge fund […]

GM, Chrysler considering bankruptcy to get bailout: report

Reuters – General Motors Corp and Chrysler LLC are considering accepting a pre-arranged bankruptcy as the last-resort price of getting a multi billion dollar government bailout, Bloomberg reported, citing a person familiar with internal discussions. In response to automakers’ bailout […]

Perot’s Parkcentral Fund Closes as Credit Freezes

Bloomberg – Parkcentral Capital Management LP, an investment firm that manages money for the family of former U.S. presidential candidate H. Ross Perot, is liquidating a fixed-income hedge fund because it’s “no longer viable.” Parkcentral Global Hub Ltd.’s assets fell […]

Hedge funds fume about CVC

The Australian – Hedge funds who invested in Channel Nine’s owner PBL Media are unhappy about a rescue package to refinance the group’s $4.3 billion in debt, The Asian Wall Street Journal has reported. Private equity group CVC Asia Pacific, […]

Cayman Islands in the Foreign Press

Caymen Net News – Insolvency lawyers in Scotland should take an interest in a bankruptcy case in the Cayman Islands involving two Bear Stearns hedge funds and an American judge with the wonderful name of Burton Lifland. The issue is […]

Salida Capital Freezes Three Funds That Used Lehman as Broker

Bloomberg – Salida Capital Corp., a Toronto-based hedge-fund manager with assets of about C$900 million ($834 million), halted redemptions on three of its funds after the bankruptcy of Lehman Brothers Holdings Inc. Lehman acted as prime broker for Salida’s C$157 […]

Lehman’s Hedge-Fund Clients Left in Cold as Assets Are Frozen

Bloomberg Europe – Lehman Brothers Holdings Inc.’s bankruptcy probably means the end of hedge-fund manager Oak Group Inc. after 22 years in business. John James, who runs the Chicago-based firm with $25 million of assets, didn’t buy Lehman stock or […]

Hedge Fund SageCrest Files For Bankruptcy

West Palm Beach (HedgeCo.net) – In an effort to head off a forced asset sale, Windmill Management’s SageCrest Finance and SageCrest II filed for Chapter 11 bankruptcy after its assets fell sharply. The hedge fund filed at U.S. Bankruptcy Court […]

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