Wednesday, 30 July 2014
Last updated 3 hours ago
Jul 3 2012 | 10:15am ET
Magnum U.S. Investments has shuttered four hedge funds, returning capital to investors.
The firm's Jericho Tax Lien Offshore Investments and Jericho 2010 Tax Lien Fund are self-liquidating, Opalesque reports. The funds are also no longer reporting prices to hedge fund databases.
Magnum provided the funds' consulting, back-office and marketing services, while advisory services were provided by Autumn Capital Partners.
In addition, Magnum told Opalesque that it had suspended net asset value calculations for the Jericho All-Weather Opportunity and MG Secured Debt Funds.
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…