November 22, 2008
Lehman Fights an Investor Trying to Drive Down Its Stock
For eight months, David Einhorn, a hedge fund manager, has pilloried the venerable Lehman Brothers in an effort to drive down the bank?s stock price, which he is betting against.
Investment banks in US face inquiry into 'hedge fund hotels'
Some of Wall Street's biggest investment banks are under investigation for operating "hedge fund hotels", providing office space to hedge funds in the hope of winning lucrative business from them.
Court orders hedge fund founder to pay up
A federal court ordered the former president and founder of a hedge fund to pay nearly $300 million for defrauding clients. Paul Eustace, president and founder of Philadelphia Alternative Asset Management Co., was indicted in November on two criminal counts of commodities fraud.
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