Tag Archives: liquidators


Weavering Capital collapses over mystery trade

Times Online – Weavering Capital, one of London’s oldest hedge funds, was today in the hands of liquidators just a week after it discovered that its flagship fund’s main investment was a derivatives trade with an offshore company controlled by […]

Citigroup, Wells Fargo Battle for Wachovia Continues

New York (HedgeCo.Net) – The tug of war over Wachovia continued yesterday, as Citigroup and Wells Fargo tried to reach an agreement over the future of the Charlotte-based bank.  According to transcripts from a teleconference held between U.S. District Judge […]

Wachovia Hoping to Strike a Deal with Wells Fargo for $15 Billion

New York (HedgeCo.Net) – In an emergency hearing yesterday, U.S. District Judge John Koeltl left the door open for Wachovia to consider better offers, saying the law “appears” to permit bids from other potential buyers.  This decision comes at a […]

SEC advances pair of hedge fund cases

Forbes – A federal judge in Florida ruled Wednesday that the head of two hedge funds deceived investors about the funds’ holdings. Elsewhere, federal regulators accused a California investment adviser of making tainted recommendations to clients. In the Florida case, […]

CSX loses fight to block hedge funds

Florida Times Union – CSX Corp.’s proxy fight with two hedge funds apparently ended Monday, after an appellate court turned down CSX’s attempt to block some of the funds’ votes for the company’s board of directors. CSX, which had already […]

Hedge fund founder barred from pleading

Boston Globe – A federal judge barred Samuel Israel, the convicted founder of hedge fund firm Bayou Group LLC, from entering a plea to bail jumping, saying his addiction to methadone may have impaired his judgment. A US judge cited […]

U.S. Marshals Service to Help Clean Up Hedge Fund Mess

New York (HedgeCo.Net) – While the aftermath of the collapsed Bayou hedge fund may have left investors with nothing more than shock, the U.S. Marshals are trying to recoup some of the losses that were suffered.  By selling Bayou’s failed […]

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