Friday, 19 December 2014
Last updated 7 min 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.