Thursday, 18 September 2014
Last updated 22 min 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.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.