Paul Eustace

US firms asked to explain relationship with 24 Cayman funds

Two subsidiaries of alternative investment provider Man Group Plc are seeking to avoid providing details about 24 Cayman Islands funds for use in legal proceedings concerning the collapse of Philadelphia Alternative Asset Management Company, LLC.It is part of the legal

Onshore-Offshore battle for control of failed hedge fund

A Cayman Islands judge has put back a key ruling in a battle for control of an offshore hedge fund that is part of a failed North American group whose losses are estimated at US$179 million.Justice Henderson, sitting at the Grand Court of the Cayman Islands, must decide whether to grant a petition to liquidate Philadelphia Alternative Asset Fund Limited by five investors who claim to have collectively invested $32 million in the Fund.
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