Exis To Face Trial In Fairfax Case

Jul 9 2012 | 7:10am ET

Six years ago, Fairfax Financial Holdings sued eight hedge funds and brokerage Morgan Keegan for conspiring to drive its stock price down. Since then, seven of the hedge funds, including SAC Capital Advisors, Third Point and Kynikos Associates, have been culled from the roster of the accused.

But Exis Capital Management remains, and, it seems, will remain when the trial begins on Sept. 10. A New Jersey judge has refused to dismiss the case against the hedge fund, and also junked Morgan Keegan's most recent bid for a dismissal.

Fairfax is seeking $8 billion in the racketeering claim.


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note