Sunday, 28 December 2014
Last updated 6 hours ago
Feb 23 2012 | 4:59am ET
A hedge fund is demanding a US$70 million payment from an Indonesian bank bailed out by that country's government.
Weston International Investment has begun proceedings against the former Bank Century, arguing that it is "legally responsible for the repayment" of the deposit, it said yesterday. Indonesia is in the process of selling the bank, now known as Bank Mutiara, after pouring 6.7 trillion rupiah (US$735.7 million) into it.
Luxembourg-based Weston is a distressed specialist with some US$1.9 billion in assets under management.
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.