Sat, Jun 25, 2016
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 Roundup: Hedge funds shrink as liquidations outpace new launches in Q1: hedge fund news, week 27[more]

    In the week ending 17 May, 2016, HFR said hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned f

  2. Europe - Hedge funds keep powder dry over big Brexit bets, Hedge funds sense profit in Europe shock waves after Brexit vote, Soros warns Brexit may cause pound plunge worse than Black Wednesday, After Brexit: What will happen if Britain votes to leave the UK?[more]

    Hedge funds keep powder dry over big Brexit bets From FT.com: Hedge funds are shying away from big bets on Brexit, with many unwilling to risk further losses having already suffered a painful first half of the year. With the outcome of a UK vote on the country’s membership of the Europea

  3. News Briefs - ’Flash Boys’ get green light to launch stock exchange, Pimco says ‘storm is brewing’ in U.S. commercial real estate, Bankers get ready to rumble at Hedge Fund Fight Night, AIMA Australia celebrates 15th anniversary[more]

    ’Flash Boys’ get green light to launch stock exchange In an investing environment ruled by fast, the newest U.S. public stock exchange is banking on slow. Well, slower. IEX Group, which won Securities and Exchange Commission approval on Friday to go head-to-head with the New York Stock E

  4. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  5. Global markets fell, hedge funds gain in mid-June on Brexit, Fed rate concerns[more]

    Komfie Manalo, Opalesque Asia: Global financial markets declined through mid-June, as uncertainty associated with the upcoming Brexit referendum and expected U.S. Fed interest rate hike contributed to increases in volatility across asset classes, data provider