Saturday, 20 September 2014
Last updated 1 day ago
Oct 15 2013 | 9:50am ET
Elliott Management has given up its effort to keep the former Anglo Irish Bank out of bankruptcy.
The hedge fund last week withdrew its objection after a federal bankruptcy court in Delaware denied its request for Irish government records related to the February decision to liquidate the bank, now called the Irish Banking Resolution Corp.
U.S. Bankruptcy Judge Christopher Sontchi said he was "not inclined, at least for now, to perform a forensic analysis of Ireland's legislative and executive departments."
Elliott has argued that Anglo Irish was solvent when the Irish parliament voted to put it into liquidation.
Sontchi will still hear arguments on blocking IBRC's bankruptcy filing due to a challenge from another Anglo Irish investor.
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.