Tag Archives: publishing-company


Barclays Sues Chicago Hedge Fund Over Ties to Petters

New York (HedgeCo.Net) – Barclays Bank Plc has sued Chicago-based Ritchie Capital Management and the hedge fund’s principal Thane Ritchie, accusing them of concealing a $150 million investment in the controversial and now collapsed Petters Group Worldwide LLC. According to […]

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 […]

Petters Files for Bankruptcy, Hedge Fund Seeks Answers

New York (HedgeCo.Net) – Petters Group Worldwide has filed for Chapter  11 bankruptcy protection after feds launched a probe into an alleged $3 billion scam that was said to be orchestrated by the founder.  The subsidiary company under investigation is […]

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 […]

Hedge fund sues Petters

Bizjournals.com – A Minneapolis hedge fund has sued Petters Group Worldwide, alleging it was defrauded out of $60 million in a deal involving “imaginary televisions.” Interlachen Harriet Investments, a Cayman Islands-based unit of Minneapolis-based Interlachen Capital Group, filed the suit […]

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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