Sunday, 21 December 2014
Last updated 1 day 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.