Christopher Sugrue

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Cayman fund liquidators sue PwC et al for $263 m over Refco scandal

The Cayman liquidators of an offshore hedge fund group that collapsed as a result of a scandal at commodities and futures broker Refco are seeking more than $263 million in damages, fees and costs against multiple defendants, including the funds' auditor PricewaterhouseCoopers (Cayman). Kenneth Krys and Christopher Stride filed a complaint at the Supreme Court of the State of New York, County of New York on March 5, 2008, which was transferred by the defendants to the U. S. District Court for the Southern District of New York on March 26, 2008.

XL Capital partners with PlusFunds in hedge fund industry

XL Capital has formed a strategic relationship with PlusFunds Inc. to support the development of investment products based on Standard & Poor's latest index, the S&P Hedge Fund Index."The Index is designed to be investable and representative of the broad

PlusFunds sues Bermuda Stock Exchange

Plans by the Bermuda Stock Exchange and a New York-based partner to develop a facility for the secondary market trading in the shares of hedge funds have ended in litigation.PlusFunds Ltd. filed two civil lawsuits at Bermuda Supreme Court on June 8, 2001, one against the BSX itself and another against a joint venture firm called BSX-PlusFunds Group Ltd.