Saturday, 20 September 2014
Last updated 1 day ago
Apr 24 2013 | 10:19am ET
A Singapore court has dismissed a lawsuit arising from a dispute between the founders of hedge fund Hachiman Capital Management.
Toro Ueda had sued Yashwant Bajaj, accusing his former partner of violating their separation agreement by moving US$458,965 from Hachiman to his new hedge fund, Juggernaut Capital Management. A Singapore High Court assistant registrar threw the case out last week.
Ueda had sought at least US$365,400 from Bajaj, alleging also that Bajaj had failed to account for a US$247,197 trading loss. A lawyer for Bajaj told Bloomberg News that Uedo still has a US$77,000 claim against his client over that loss allocation.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.