Wednesday, 17 September 2014
Last updated 1 hour ago
Feb 20 2009 | 1:20am ET
Another hedge fund hit by the Bernard Madoff scandal is calling it quits. Reichmuth & Co. said it would close its Reichmuth Matterhorn fund after Swiss regulators rejected its plan to restructure the fund.
The Swiss private bank told investors in a Wednesday letter that closing Matterhorn and launching a new fund was “a solution for a fair and equal treatment of all investors.” Reichmuth called the Swiss Financial Markets Advisory Authority’s decision “disappointing,” and said it would return roughly half of the fund’s remaining assets to investors in April, with the rest coming in quarterly installments through the end of 2010.
Matterhorn lost more than $300 million in Madoff’s alleged $50 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 London Whale saga is a twist on the typical rogue trader story as the rogue trader recognized the error of his ways and was prepared to take his medicine but was instructed by superiors to “defe...