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    AJW Offshore Ltd. et al: Chapter 15 Petition

    Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Ian Stokoe and David Walker, as the Foreign Representatives of AJW Offshore Ltd., AJW Master Fund, Ltd., AJW Offshore II, Ltd., and AJW Master Fund II, Ltd., at the U. S. Bankruptcy Court for the Eastern District of New York.

    Hedge fund group receives Cayman license, seeks to profit from penny stocks

    An offshore hedge fund has been set up by a group with an eye-popping record of profiting from trades in penny stocks whose issuers have collectively lost more than $1.2 billion. Cornell Capital Partners Offshore Ltd. was licensed as a mutual fund by the Cayman Islands Monetary Authority on July 1, 2003.