Tag Archives: court-hearing

Stock futures flat ahead of Madoff sentencing

Reuters – Dow Jones futures dipped 0.1 percent, S&P 500 futures were down 0.01 percent while Nasdaq futures traded 0.02 percent higher on Monday morning at 4:45 a.m. EDT, pointing to a flat opening for Wall Street’s main equity indexes. […]

Madoff set to disclose list of holdings

Munster Times – Investigators may get a clue Wednesday into how much money might be available for victims in the Bernard Madoff scandal. The fallen investment guru is scheduled to submit a list of his personal assets to the Securities […]

Hedge Funds Relunctant About PBL Media Refinancing

New York (HedgeCo.Net) – Private-equity firm CVC Asia Pacific, who owns 75 percent of PBL Media, is trying to prevent the company from defaulting on its $4.3 billion in debt, according to the Asian Wall Street Journal.  PBL Media, the […]

Fortis winds down three hedge funds

Fortis has closed three small hedge funds in the aftermath of its acquisition of part of ABN Amro and merger of the Belgian and Dutch banks’ asset management operations, according to a report in the Financial Times. The Fortis European […]

Hedge fund Atticus loses more than $5 bln -source

Forbes – U.S. activist hedge fund Atticus Capital has lost more than $5 billion this year, a source familiar with the matter told Reuters, after its funds were hit by heavy falls in financial stocks. Atticus, a high-profile player in deals […]

RBS Sued by Hedge Fund Over Withdrawn ABN Investment, FT Says

Bloomberg- Royal Bank of Scotland Group Plc has been sued by London-based hedge fund Merebis Capital Management LLP for reversing a 250 million-euro ($395 million) investment in Merebis by ABN Amro shortly after RBS acquired the Dutch bank, the Financial […]

Fortis sells hedge fund International Asset Management

Reuters – Belgian-Dutch financial services group Fortis said on Wednesday it had sold former ABN AMRO unit International Asset Management IAM.L as part of a strategy to bolster its balance sheet. Fortis said in a statement it had sold London-based […]

Fortis sells International Asset Management; to boost bank

CNBC- Fortis NV. said it has sold its London-based hedge fund manager International Asset Management (IAM) to its management team, supported by third party investors, for an undisclosed sum. The Belgian-Dutch bancassurer said the transaction will boost its solvency ratios, […]