Plainfield To Liquidate Hedge Funds, Return Assets

Mar 16 2011 | 12:20pm ET

Plainfield Asset Management, the embattled distressed debt hedge fund, is liquidating its hedge funds and will return all capital to investors by the middle of next year.

The firm has been hit with several whistleblower complaints accusing it of overvaluing assets and faces a pair of predatory lending probes. Last month, it struck a deal with private equity firm Paul Capital to unload a portfolio of illiquid debt positions for about $150 million.


In Depth

Fund Focus: Don’t Call K1T Capital A ‘Trend Follower’

Jul 10 2014 | 10:39am ET

You may call K1T Capital many things—systematic, quant-based, hedge fund—but...

Lifestyle

RenTech Founder Donation Establishes Quantitative Biology Institute

Jul 8 2014 | 5:19am ET

James Simons used math to make his fortune, and he’s dedicating some of it to...

Guest Contributor

As Hedge Funds Go Retail, Communications Is Key

Jul 2 2014 | 6:56am ET

The past two years have seen an explosion in the number of hedge fund managers rolling...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Service Providers


Publisher's Note