Tuesday, 16 September 2014
Last updated 4 hours ago
Dec 8 2008 | 1:26am ET
A Connecticut hedge fund is fighting to be allowed to sue Polaroid Corp., one of the many companies caught up in the Tom Petters fraud case.
Greenwich-based Acorn Capital Group has joined a group of companies and investors asking a judge to lift the stay on lawsuits against Polaroid. U.S. District Judge Ann Montgomery put a halt to the avalanche of suits against Petters, a Minnesota businessman and hedge fund manager, and his many business ventures, in an effort to give the court-appointed receivers a breather.
But Acorn and others on Friday asked for the right to pursue their individual disputes with Polaroid. Acorn says that $25 million of the $300 million it lent Petters went to Polaroid, secured by its inventory and receivables.
Petters was arrested in October, accused of orchestrating a $3.5 billion Ponzi scheme.
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…
The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?