Drake and its Global Opportunities Fund
After a much publicized debate on their troubled hedge funds, Drake Management has decided to shut down its $2.5 billion Global Opportunities Fund (summer of 2008). Drake had suspended redemptions in...
View ArticleThe Amaranth Disaster
Amaranth is a name synonymous with disaster. Branded as the biggest hedge fund collapse in history, Amaranth lost $6 billion of investor’s money in one week alone. So what was the culprit behind the...
View ArticleThe Bayou Hedge Fund, Sam Israel and the $450 Million Facade
In 1995, Sam Israel III and James Marquez launched the Bayou Group LLC, with initially good intentions to produce high returns for investors. With $300 million of initial funds in the Bayou Hedge Fund...
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