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

on Thursday, July 31st, 2008 at 12:00 am

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 investments, they are recovering some $115 million from the fund that once squandered over $300 […]

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Goldman May Take Heat for Bayou Hedge Fund Fraud

on Monday, July 21st, 2008 at 12:00 am

New York (HedgeCo.Net) - Disdained investors of the former Bayou hedge fund, run by one-time fugitive Sam Israel, are going after Goldman Sachs for $20 million to try and recover some of their losses.
Goldman Sachs served as the prime broker while clearing trades and taking custody of the securities. They also provided reports on the […]

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