Saturday, 1 August 2015
Last updated 12 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…