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Bear Stearns Hedge Funds Case | Hedge Fund Industry Notes

Bear Stearns Hedge Funds

Bear Stearns Hedge Funds Case

Insolvency lawyers in Scotland should take an interest in a bankruptcy case in the Cayman Islands involving two Bear Stearns hedge funds and an American judge with the wonderful name of Burton Lifland.

The issue is this: where did a business that has gone bust have its main commercial interests?

The two funds were involved in what is now a familiar story amid the carnage on the world financial markets. They bet heavily on sub-prime mortgages and, as defaults increased, creditors demanded their money back leaving the funds with no cash. Source

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Link to This Resource: Bear Stearns Hedge Funds Case | Hedge Fund Industry Notes

http://richard-wilson.blogspot.com/2008/10/bear-stearns-hedge-funds-case-hedge.html

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