Tag Archives: ties
Ill. fund manager linked to Petters ordered freed
West Central Tribune – A federal magistrate judge ordered the release on bail Wednesday of an Illinois hedge fund manager who allegedly helped Minnesota businessman Tom Petters orchestrate what prosecutors call a $3.5 billion Ponzi scheme. Prosecutors tried to persuade […]
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 […]
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 […]
Hedge Funds Get Earful From Clients About Fees, Withdrawals
Bloomberg – Two years ago, German investment adviser Dieter Kaiser had to board a plane bound for New York to speak with senior U.S. hedge-fund executives. These days, those same managers visit Kaiser, the director of investment management for Feri […]
Hedge Funds Learn To Say ‘Sorry’
Forbes – It’s hard to fathom. But as lousy returns start pouring in, managers of some of the most successful hedge funds in recent years are apologizing for their dismal showing. "The last quarter has been abysmal," wrote TPG-Axon Capital Manager […]
