Basis Liquidators Want Piece Of The Pie

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.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...