Tag Archives: liquidation
New Castle Set Back by Galleon Liquidation, Loss of UBP Deal
Bloomberg – New Castle Funds LLC’s efforts to survive the arrest of its co-founder in the Raj Rajaratnam insider-trading case were set back as a Swiss bank ended a partnership and Rajaratnam decided to liquidate his funds. Union Bancaire Privée […]
Steel Partners forges ahead with fund conversion
Reuters – Warren Lichtenstein’s Steel Partners LLC is forging ahead with a controversial plan to convert its flagship hedge fund, Steel Partners II, into a publicly traded holding company in the face of opposition from shareholders calling for liquidation. The […]
Steel Partners forges ahead with fund conversion
Reuters – Warren Lichtenstein’s Steel Partners LLC is forging ahead with a controversial plan to convert its flagship hedge fund, Steel Partners II, into a publicly traded holding company in the face of opposition from shareholders calling for liquidation. The […]
Another Madoff linked hedge fund sued
NineMSN – The trustee overseeing the liquidation of disgraced financier Bernard Madoff’s assets sued another investment fund on Tuesday, claiming it owes Madoff’s victims more than $US1 billion ($A1.32 billion) it withdrew from his firm. The complaint in Manhattan bankruptcy […]
Treasury Is Said to Increase Its Offer to Chrysler Lenders
Herald Tribune – The Treasury Department has increased its offer to repay Chrysler’s senior lenders as part of continuing talks on how to reduce the company’s debt, a person who had been briefed on the talks said on Wednesday. The […]
KSK Energy Fund wound up
Reuters India – KSK Emerging India Energy Fund had raised £100 million from AIM last year to invest in Indian energy companies. Global recession has claimed a victim in India. KSK Emerging India Energy Fund (KEF), a £100 million fund […]
Cayman Islands in the Foreign Press
Cayman Net News – In a landmark decision the Cayman Islands Court of Appeal has settled various questions on the suspension of redemption. The ruling (December 12, 2008) in the Strategic Turnaround Master Partnership (based in New York) versus Culross […]
Canada’s Hedge Funds Care Group Raise $150K for Kids
West Palm Beach (HedgeCo.net) – Canada’s hedge fund industry gathered in November to raise $150,000 in support of Hedge Funds Care Canada (HFCC), which is dedicated exclusively to the treatment and prevention of child abuse and neglect. "The Canadian hedge fund […]
Former Columbia Professor Starts Asia Fund of Value Hedge Funds
Bloomberg – Van Biema Value Partners LLC, led by a former Columbia Business School professor, started a new fund to invest in Asian hedge funds while plunging markets and client withdrawals force rivals to scale back investments. The Cayman Islands-domiciled […]
Swiss hedge fund industry to grow as crisis bites
Reuters UK – Switzerland’s fledgling hedge fund industry is set for strong growth in the coming years as the credit crisis forces the industry to focus on lower-cost centres and the country aims to lure managers back from London. Lower […]
Hedge fund sues Petters
Bizjournals.com – A Minneapolis hedge fund has sued Petters Group Worldwide, alleging it was defrauded out of $60 million in a deal involving “imaginary televisions.” Interlachen Harriet Investments, a Cayman Islands-based unit of Minneapolis-based Interlachen Capital Group, filed the suit […]
