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Arbiters Favor Fund Vs. Merrill.

Authors :
Eder, Steve
Zuckerman, Gregory
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.

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