Tag Archives: bank-merger

Hedge Fund SageCrest Files for Bankruptcy

New York (HedgeCo.Net) – Greenwich-based hedge fund SageCrest Finance has filed for Chapter 11 bankruptcy protection.  The credit opportunity fund, which grants short-term loan to companies left with few financing alternatives, said its recent losses were due to the condition […]

Judge Drops Suit Against UBS, Not Responsible for Hedge Fund Fraud

New York (HedgeCo.Net) – Service providers for hedge funds scored a victory yesterday when a New York judge threw out a suit filed against UBS by defrauded investors. Judge Charles Ramos dismissed the complaint in a Manhattan court at the […]

Icahn, Yahoo Shareholders want Yang out

New York (HedgeCo.Net) – Carl Icahn continues his quest to shake up the board of Yahoo, and this time, that includes ousting CEO Jerry Yang.  According to the Wall Street Journal, Icahn is channeling shareholder complaints in hopes to fuel […]

Ex-NFL player’ suit to move ahead despite suicide

CNN Sports Illustrated- A former hedge fund manager’s suicide has no effect on a lawsuit filed by six former NFL players against the league and its players union over $20 million they say they lost in an investment scheme, an […]