Wednesday, 20 August 2014
Last updated 3 hours ago
Dec 8 2008 | 1:24am ET
The latest hedge fund hit by the restructuring bug is Ellington Management Group, which has segregated illiquid assets in its flagship fund and laid off staff.
The Old Greenwich, Conn.-based firm has split its Ellington Overseas Partners fund, Bloomberg News reports. Hard-to-sell assets have been hived off into a separate fund, allowing Ellington to avoid distressed sales at rock-bottom prices. Last year, the firm suspended redemptions from two funds which also had difficulty valuing illiquid assets.
Ellington has also slashed 10% of its workforce, laying off about 16 employees.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note