Monday, 22 September 2014
Last updated 2 days ago
Mar 13 2008 | 8:59am ET
Investors in collapsed Australian hedge fund Basis Capital Management received some more bad news yesterday, as the funds’ liquidator said it is considering a claim for some of what’s left of their assets.
Grant Thornton’s lawyers told New South Wales Supreme Court that it may lodge a claim for a slice of Basis’ assets. As it stands, the Basis Yield Fund has a value of just about two cents on the dollar.
Worse still, the liquidator’s move could delay any distribution of the meager remaining assets.
The parties are due back in court next month to thrash out the issue.
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.