Thursday, 18 December 2014
Last updated 14 hours ago
Dec 7 2010 | 1:03am ET
New Stream Capital appears poised to put an end to the litigation sparked by its decision to freeze redemptions more than a year ago.
The Ridgefield, Conn.-based hedge fund said it had reached a deal with its Bermuda share class clients to settle their lawsuit for $127.5 million. The agreement provides for an orderly wind-down of the fund and an eventual Chapter 11 bankruptcy filing.
New Stream said it had sold its life insurance settlement and premium finance loan portfolio to an unidentified buyer.
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.