U.S. Probes Hedge Fund Manager Ribotsky (Fund News)
U.S. criminal authorities are probing whether Corey Ribotsky, Managing Member of NIR Group, a Roslyn, N.Y., hedge-fund, defrauded investors about their returns and the holdings of his various funds, The Wall Street Journal reported.
Terra Firma plans bond issue to pay EMI debt (Headlines)
Blackstone is advising its rival Terra Firma on a plan to issue high-yield bonds to repay Citigroupâ??s £2.6bn of loans to music group EMI, one of the US bankâ??s biggest single exposures.
Feeder fund assets with link to Petters frozen (Fund News)
A federal judge froze the assets of a hedge fund manager accused of acting as a $2bn feeder fund for a multibillion-dollar Ponzi scheme operated by Minnesota businessman Thomas Petters, federal regulators said on Friday.