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A side pocket is a mechanism whereby a fund compartmentalizes assets that are relatively illiquid or difficult to value reliably. [185] When an investment is side-pocketed, its value is calculated separately from the value of the fund's main portfolio. [186]
In response to the crisis, BFAM ringfenced hard-to-sell China credit assets into a side pocket to avoid a fire sale and give the issuers time to recover. BFAM would also shift focus to more liquid investments such as equities, currencies, convertible bonds and block trades. In addition, BFAM aimed to have less assets under management, with a ...
On March 1, 2011, the Securities and Exchange Commission (SEC) alleged that Goldfarb and his company illegally diverted $12 million from a hedge fund side pocket investment to other entities he controlled. [18] On March 1, 2011, without admitting or denying the allegations, Goldfarb settled with the SEC. [19]
The fund disbursing money to the victims of Bernie Madoff’s legendary Ponzi scheme began its 10th and final distribution on Monday, putting another $131 million in the pockets of swindled investors.
BiggerPockets now has more than three million members and The Chernin Group (TCG) has made a majority investment in the platform, ... Lighter Side. Politics. Science & Tech. Sports. Weather. 24/7 ...
(Reuters) - Entrepreneur and former Los Angeles Dodgers owner Frank McCourt's Project Liberty and its consortium of partners in The People's Bid said on Thursday they proposed to make a formal bid ...