Tag Archives: hedge fund
Investors sue Highland Capital after funds shut
Reuther – A group of wealthy clients who invested $50 million with two hedge funds felled by last year’s credit crisis are accusing Highland Capital Management’s partners of having lied about key facts. LV Highland Credit Feeder Fund LLC, an […]
Hearing on examiner in Magna bankruptcy postponed
Lexington Herald-Leader – A bankruptcy judge agreed Tuesday to postpone a hearing on a hedge fund’s request for the appointment of an examiner in horse track owner Magna Entertainment’s Chapter 11 bankruptcy case. At the request of attorneys, a hearing […]
Meriwether Said to Shut JWM Hedge Fund After Losses
Bloomberg – John Meriwether, who roiled global markets when Long-Term Capital Management LP collapsed in 1998, plans to shut his current hedge fund, according to a person familiar with the matter. JWM Partners LLC is closing its main Relative Value […]
Hedge fund Clarium fell 4.4 pct in June
NY Post – Clarium Capital Management, the hedge fund founded by PayPal co-founder and Facebook board member Peter Thiel, fell another 4.4 percent in June, The New York Post reported on Wednesday. The fund’s total returns are down 6 percent […]
Ex-Morgan Stanley Exec. Launches Georgia Hedge Fund Advisory Company
HedgeCo.net (West Palm Beach) – Hedge fund and alternative investment advisory company, Tru/Alpha Capital Advisors (TACA), is being launched to specialize in international alternative markets, advising institutional and corporate clients, as well as high-net worth individuals. Based in Midtown Atlanta, […]
Madoff trustee seeks $1 billion from Cayman hedge fund
Caribbean Net News – The trustee liquidating Bernard Madoff’s investment-advisory business has asked a judge for a default ruling against Harley International Ltd, arguing that the Cayman Islands hedge fund failed to respond to a lawsuit accusing it of taking […]
U.S. regulator to identify hedge fund bets in commods
Reuters – The regulator of U.S. commodity markets said on Tuesday his agency’s weekly Commitments of Traders report will be revamped to include hedge fund positions for better transparency. "Enhancing the quality of information in these weekly reports will better […]
Hedge Fund Fraudster Faces Up To 10 Years
HedgeCo.net (West Palm Beach) – ‘Hedge fund operator’ Rod Stringer has pleaded guilty to money laundering in a $14 million Ponzi scheme, federal prosecutors say. He allegedly took money from 44 victims over 8 years, claiming to be "a day […]
Could E.U. Hedge Fund Plans Cause a Cold War?
New York Times Blogs – A move by the European Commission to adopt proposed regulation for hedge funds could end up igniting a transatlantic regulatory war, one of Britain’s hedge fund veterans warned in an interview with The Financial Times. […]
Dubai Hedge Funds, Commodities Investors Required To Move To JLT Free Zone
HedgeCo.net (West Palm Beach) – Members of Dubai Multi Commodities Centre (DMCC), have been asked to join the commodities community at Jumeirah Lakes Towers (JLT). All member companies, including those awaiting membership approvals, will be brought together to form a […]
Judge hears arguments in Magna bankruptcy
CNBC – Attorneys for a hedge fund are asking for the appointment of an examiner in horse track owner Magna Entertainment’s Chapter 11 bankruptcy case. A hearing was scheduled Tuesday on the request by Greenlight Capital Offshore Partners, which wants […]