Two underperforming investment funds recently frozen by French bank BNP Paribas are being restructured in the face of a "significant" number of redemption requests, according to investors in the funds.
Madoff trustee sues Kohn; says she was key to fraud (Headlines)
Austrian banker Sonja Kohn was a "criminal soul mate" of Bernard Madoff for 23 years, running an international network of banks and funds to help perpetrate the biggest fraud in financial history, a court-appointed trustee for the Madoff firm said on Friday.
The European Commission (EC) has been accused of trying to bury a recent report detailing the exact role played by hedge funds in the Greek debt crisis and the damage inflicted by credit default swaps (CDS).