Wednesday, 27 August 2014
Last updated 2 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...