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Arbiters Favor Fund Vs. Merrill.
- Source :
-
Wall Street Journal - Eastern Edition . 7/7/2011, Vol. 258 Issue 5, pC1-C2. 2p. - Publication Year :
- 2011
-
Abstract
- The article focuses on a ruling by an arbitration panel in favor of Rosen Capital Management LLC (RCM) over broker Merrill Lynch (ML) concerning unexpected margin calls that bankrupted the fund. It states RCM alleged breach of contract, fraud, and negligence, which ML denies. It comments that RCM switched to ML after investment bank Bear Stearns collapsed early in 2008. It mentions that Kyle Rosen, founder of RCM was awarded 63.7 million dollars which will be shared with Rosen fund investors.
- Subjects :
- *ARBITRATION & award
*HEDGE funds
*MARGINS (Security trading)
Subjects
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 258
- Issue :
- 5
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 62277149