Thursday, 18 December 2014
Last updated 14 hours ago
Mar 8 2010 | 4:12am ET
Barclays Capital is seeking $15 million from D.E. Shaw Group over a defaulted mortgage loan the New York hedge fund giant guaranteed.
Barclays Capital Real Estate asked a judge for summary judgment against D.E. Shaw, Reuters reports. The bank said Westland Development defaulted on a $212.3 million loan it made in 2006, guaranteed by two D.E. Shaw entities. But even though Westland allegedly failed to pay $182.7 million owed at maturity in July, D.E. Shaw’s payment guarantee was capped at just $15 million.
The two D.E. Shaw entities listed as guarantors of the fund are the firm’s Composite Fund and D.E. Shaw Real Estate Holdings.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.