Tag Archives: new-york-university

N.Y. judge restrains Merkin funds in Madoff lawsuit

Boston Globe – A judge extended an order on Tuesday barring hedge fund founder Ezra Merkin from shutting down funds that had invested with accused swindler Bernard Madoff or withdrawing money from them. New York State Supreme Court Justice Richard […]

NYU Granted Extension Amidst Madoff Losses

New York (HedgeCo.Net) – New York University scored a victory yesterday, when they won a court order that sought an extension on a temporary ban that would halt J. Ezra Merkin from making any more transfers with the school’s funds.  […]

NYU Latest Victim in Madoff Debacle

New York (HedgeCo.Net) – New York University is the latest victim in Bernard Madoff’s web of lies, claiming it lost $24 million in a fund of fund that invested with the infamous Ponzi schemer.  According to a complaint filed Christmas […]

Big-name investors, CEOs and hedge funds don’t escape market storm, posting big losses

NewsDay – Here’s something that might provide a bit of solace amid the plunging values in your retirement accounts: Warren Buffett is losing lots of money, too. So are Kirk Kerkorian, Carl Icahn and Sumner Redstone. They are still plenty […]

NY hedge fund swindler going to medical facility

Newsday – A federal judge has ordered a detailed physical and mental health evaluation for hedge-fund swindler Samuel Israel III before deciding whether he’s competent to plead guilty for skipping out on prison. Judge Kenneth Karas accepted a joint recommendation […]

Feds expand probe into Bear Stearns

Newsday – A federal probe of the $1.8-billion collapse of Bear Stearns hedge funds has spread to include the activities of a number of banks and other lenders, according to court records and legal sources. Investigators are also reviewing various […]

Court lets NJ invest pension money in hedge funds

Newsday – A state appeals court has allowed New Jersey to move ahead with a plan to invest some state pension money into hedge funds. The court ruled Friday, rejecting a challenge by the Communications Workers of America and the […]

Hedge Fund Harbinger Buys Nearly 5% of Cablevision

West Palm Beach (HedgeCo.net) –  Harbinger Capital Management, an activist hedge fund, has accumulated a 4.9% stake in Cablevision Systems Corp, according to The Wall Street Journal. In a regulatory filing, Harbinger said that it had bought 11.45 million of […]