Monday, 29 December 2014
Last updated 36 min ago
Mar 21 2014 | 10:30am ET
The dispute between Morgan Stanley and Peak Ridge Capital Group has come to a negotiated conclusion.
Morgan Stanley said it has settled the litigation between it and the commodities hedge fund, which it had sued in 2010, accusing Peak Ridge of saddling it with more than $40.6 million in losses on bad natural-gas bets after the hedge fund missed a margin call. Peak Ridge shot back with a countersuit, accusing Morgan Stanley of mishandling its trades and wrongfully seizing them after “arbitrarily and capriciously” imposing new margin requirements.
Last year, a federal judge dismissed most of Peak Ridge’s complaint against Morgan Stanley.
Terms of the settlement were not disclosed.
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.