Sunday, 28 December 2014
Last updated 2 hours ago
Jul 24 2012 | 11:16am ET
A defunct investment firm has sued Hedgeserv for almost €2 million in back rent.
At issue is Hedgeserv's space in the center of Dublin, Ireland. The firm rented two floors at 75 St. Stephen's Green in 2008 with a 25-year lease, agreeing to pay €2.2 million per year.
Late last year, however, the building's owner Shelbourne Development (Europe) defaulted on its debt and went into receivership. And now, the receiver, Grant Thornton's Michael McAteer, has had the €1.9 million rent dispute moved to the Commercial Court.
A hearing is set for Oct. 17.
Hedgeserv founder James Kelly reportedly acted as a guarantor of the lease.
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.