Tag Archives: salvage


IRS Offers Deal to Tax Evaders

New York (HedgeCo.Net) – Wealthy Americans who have been hoarding cash overseas and failing to pay Uncle Sam are getting a break, as the Internal Revenue Service unveils a plan that will greatly reduce their penalties. The idea comes a […]

More Investors Sue Hedge Funds for Ties to Madoff

New York (HedgeCo.Net) – Investors in the hedge fund Fairfield Greenwich Group have sued the company after about $7.5 billion in potential losses stemming from ties to Bernard Madoff.  The investors claimed that Fairfield sustained “avoidable losses,” by not practicing […]

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 […]

GLG Scraps Dividend After Losses in 08

New York (HedgeCo.Net) – GLG Partners started off the new year by suspending its dividend payments, after capping off a year that saw a steady decline in share value.  This is the first time that GLG, who used to manage […]

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