Wednesday, 26 November 2014
Last updated 1 hour ago
Aug 11 2011 | 1:27pm ET
Another hedge fund has said it will formally object to Lehman Brother's bankruptcy exit plan, which was crafted to win the support of other hedge funds.
Mason Capital plans to file an objection to the settlement Lehman reached with its largest creditors, including Paulson & Co., in June, the Financial Times reports. In doing so, it will join a group of distressed-debt hedge funds, including Centerbridge Partners, in fighting to scupper to the proposed settlement, which would have begun paying creditors early next year.
A federal bankruptcy judge in New York will hear arguments on whether he should reject the plan next month.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...