Receivers for a defunct Pennsylvania hedge fund that allegedly defrauded clients out of more than $200 million have struck a $19 million settlement with a Cayman Islands company that served as the fund's administrator. The settlement with UBS Fund Services follows a $75 million settlement with Man Financial, now known as MF Global, which served as the merchant for the hedge fund. Another $75
(Reuters) -- A large Chicago-based hedge fund is preparing to launch a proxy battle to force real estate developer Post Properties Inc. to seriously consider offers to sell itself, the fund said Thursday. Pentwater Capital Management LLC, a $1.25-billion hedge fund and large shareholder, plans
William Ackman predicted that MBIA and Ambac might lose $24 billion on mortgage investment guarantees.
Hedge fund managers – hedgies for short – hit the news last week when new standards were announced for an industry that rakes in vast sums but operates in a shroud of secrecy. But just what do they do and is it something that anyone can get into?
The hedge fund shareholders of these stocks keep management on their toes.
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