Tuesday, 16 September 2014
Last updated 1 hour ago
Jul 18 2011 | 8:35am ET
The battle over the future of Washington Mutual—and over allegations that four hedge funds illegally traded in the former bank’s debt—will continue well into this week.
U.S. Bankruptcy Judge Mary Walrath adjourned court early on Friday to allow Aurelius Capital Management’s top lawyer to attend court on Monday. The hearing on finalizing WaMu’s bankruptcy exit plan, originally scheduled to take just three days last week, could now extend until Thursday as both sides struggle to fit their witnesses in.
Aurelius and the three other hedge funds—Appaloosa Management, Centerbridge Capital Partners and Owl Creek Asset Management—helped craft WaMu’s Chapter 11 bankruptcy plan but refused to renew that support earlier this year. Some shareholders allege that the hedge funds used confidential information that they learned during the creation of the company’s reorganization plan.
A settlement of those allegations fell apart last month.
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…
The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?