Sunday, 21 December 2014
Last updated 11 hours ago
Aug 26 2009 | 12:58pm ET
Citadel Investment Group has filed a claim against Lehman Brothers Holdings, arguing that the collapsed investment bank owes as much as $470.5 million.
The Chicago-based alternative investments giant made its move in U.S. Bankruptcy Court in New York last month, ahead of an Oct. 22 deadline for parties to submit proof of claims against Lehman. According to Citadel, its Citadel Equity Fund had derivative contracts with Lehman when it collapsed. The firm is seeking the value of the derivatives contracts, off-set by the collateral held when the bank collapsed, as well as the cost to replace the trades.
In its filing, Citadel said its claim was partly based on guarantees, although it did not elaborate.
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.