Sunday, 1 March 2015
Last updated 2 days 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…