Regulation
Hedge Fund Founder Pleads Guilty to Neiman Marcus Bankruptcy Fraud
Daniel Kamensky pressured a rival investor to drop its bid for assets he wanted on the cheap.
Tag: bankruptcy
How Distressed Investors Are Getting Ready for Business Failures
Washington stimulus has delayed the bankruptcy parade. But it’s coming fast.
Why Natural Gas Is the Energy Investment of the Future
Renewable sources like wind and solar may not be enough. Pension plan investors weigh the odds.
Market Moves
Ackman Bets Against Junk Bonds, Now Resurgent
Hedge fund honcho thinks dragged-out economic recovery will harm high-debt companies.
Alternatives
PE-Related Bankruptcy Filings Soared in May
Too much debt and the virus economic slide harmed companies such as Hertz and J. Crew.
Opinion
Op-Ed: U.S. Public Pension Underfunding—Don’t Make the Same Mistake Thrice
As some lawmakers suggest states consider declaring bankruptcy, governments will be tempted to cut back on pension contributions. Amundi Pioneer senior adviser Charles E.F. Millard urges them not to do so.
Risk
Newspaper Company McClatchy Halts Retirement Payouts After Chapter 11 Filing
Company negotiating with PBGC to take over benefit payments amid a new company-wide restructuring plan.
Market Moves
Seth Klarman Outfoxes Wildfires with Canny Insurance Bet on Utility
Billionaire hedge fund operator offsets equity stake in woebegone PG&E with purchase of liability claims against it.