Monday, 20 April 2015
Last updated 5 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…