Mon, Aug 3, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

US Federal Court dismisses case against Epsilon

Friday, December 24, 2010
Opalesque Industry Update - A U.S. Federal Court has dismissed a civil lawsuit pending  in Seattle against Epsilon Global Active Value Fund II, Ltd.  The case was terminated after  the federal court determined that there was no remaining cause of action. 

  The decision, issued on December 6, 2010 by Judge Richard A. Jones of the U.S. District  Court for the Western District of Washington in Seattle, brings to an end all aspects of a  lawsuit against four Epsilon entities as well as fund manager Steve G. Stevanovich filed  in March, 2010 by the Seattle City Employees Retirement Fund (SCERS).   The Court had  previously dismissed three of the four Epsilon companies and Mr. Stevanovich from the  action.    

  In its original complaint, SCERS sought to compel Epsilon and Mr. Stevanovich to provide  certain audited financial information.  Epsilon responded that it could not meet the  demand until its auditors completed an ongoing audit, although Epsilon did provide  SCERS with documents that the Court determined were a “reasonable equivalent.” 

  The other three Epsilon entities dismissed in the SCERS’ lawsuit were Epsilon Global  Master Fund II, L.P., Epsilon Investment Management LLC, Epsilon Global Asset  Management Ltd., which are part of the Epsilon and Westford family of funds managed  by Steve G. Stevanovich. 

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  3. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  4. Opalesque Roundup: Hedge fund assets rose to 11th consecutive quarterly record level: hedge fund news, week 31[more]

    In the week ending 24 July, 2015, the total global hedge fund industry assets rose to the 11th consecutive quarterly record level in 2Q15 to $2.97tln; Eurekahedge reported that hedge funds raised $93bn in the first six months of 2015; The SS&C GlobeOp Forward Redemption Indicator for July 201

  5. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

 

banner