Tag Archives: last-november
Goldman May Take Heat for Bayou Hedge Fund Fraud
New York (HedgeCo.Net) – Disdained investors of the former Bayou hedge fund, run by one-time fugitive Sam Israel, are going after Goldman Sachs for $20 million to try and recover some of their losses. Goldman Sachs served as the prime […]
Hedge Fund Claim Made Sense, Ex-Bear Executive Says
Bloomberg – Bear Stearns Cos. didn’t investigate the financial health of a hedge-fund client that later collapsed because its claim of an annual 20 percent return on investment “made perfect sense,” a former executive at the firm said. Bear Stearns […]
Delphi creditors join suit against hedge fund
New York (HedgeCo.Net) – Appaloosa Management is getting hit from all angles in their attempt to walk away from the deal they struck with Delphi. The hedge fund is not only being sued by the auto parts maker, but now […]
