Investors in a former Chicago hedge fund whose manager is awaiting fraud charges will get back about 40 percent of the losses they've claimed, a federal judge has ruled.U.S. District Blanche Manning signed an order certifying that investors in Lake Shore Asset Management Inc. will receive $103.9 million. Lake Shore clients have claimed losses of $268 million.Lake Shore was shut down in 2007
Pershing LLC, a BNY Mellon company, and the Aite Group, LLC have published a new independent study, Expansion and Diversification: The Multi-Prime Model for Hedge Funds, that examines the key role of prime brokers and the market trend of hedge fund managers implementing the multi-prime business model.
EFX Prime Services, a division of First New York Securities, today announced its hedge fund client service team. Â The experienced team is comprised of operations and trading experts from First New York Securities and new hires that complete the EFX Prime service offering.
The 12th-largest U.S. public pension would boost hedge fund allocations to 6.75 percent of assets, or $4.5 billion based on the current value of the fund, from 4.3 percent, or $2.9 billion, according to the March 12 memo obtained by Bloomberg News, written by Ray Joseph , acting director of the New Jersey Treasury’s Investment Division.
Hedge-fund regulation was seen at Davos as one of the most likely outcomes of the drive for global f
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