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Update: Hedge Fund Bankruptcy Trustee Sues Investment Firms
New York (HedgeCo.net) - The trustee for failed hedge fund Petters Group, Douglas Kelley, has sued the Epsilon-Westford funds founded by Steve Stevanovic, according to Bloomberg.The bankruptcy trustee is seeking to recoup over $3.2 billion to cover the company’s debt, Bloomberg said, ”Seventeen funds affiliated with the financier’s Westford Investment Management LLC and Epsilon Investment Management LLC were named as defendants in the complaint filed by Kelley.”“We terminated our relationship
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Bankruptcy , Firms , Fund , Hedge , Investment
By:
humitawalduck
Entertainment
9 months ago
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Hedge Funds Most Bearish Ever on Copper, Favor Gold: Commodities
http://www.bloomberg.com/news/2013-03-24/hedge-funds-most-bearish-ever-on-copper-favor-gold-com modities.htmlbradley associates financial solutions blog Hedge Funds Most Bearish Ever on Copper, Favor Gold: CommoditiesHedge funds are making the biggest bet against copper on record as global inventories expand to a nine-year high, while concern that Europe’s debt crisis will spread spurred the biggest gain in gold bets since 2008.Speculators raised net-short positions in U.S. copper futures and options by 53 percent to 25,719 contracts in the week ended March 19, according to Commodity Futures Trading Commission data that begins in 2006. A jump in bullish bets on corn, gold and natural gas boosted overall holdings across 18 raw materials for a second consecutive week.[ Related Articles: https://foursquare.com/infobradley and http://www.good.is/posts/bradley-associates-hoe-groot-moet-uw-nest-eieren-te-zijn ]
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Bradley associates financial soluti
By:
skyegrillet
Business & Finance
1 month ago
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Penny Stock News
http://www.stockbrainiac.com/pennystocknews.html My name is Mike. I spent 10 years on Wall Street as a Hedge Fund Trader for a hedge fund in NYC with $450 million under management. In 2008, I received the Trader of the Year Award for achieving a 36% return on my portfolio. My company had a live chat room for traders to share ideas and after winning the award, my following exploded. I had almost 1,000 active traders/investors looking to me for trade ideas. I was living the high life; I was on cloud 9. A young bachelor in NYC making great money; life couldn’t be better. Then, the market crash and economic recession led to a lack of new investors. More and more current investors were converting to cash because of fear of the unknown and economic uncertainty. Long story short, couple those factors with a bad investment in the Madoff Fund, and my hedge fund was forced to close its doors. I’m sure we all have our own horror stories.
Tags:
News , Penny , Stock
By:
PennyStockNewsx
News & Reports
10 months ago
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