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8/01/2007
Sowood Capital Management in Trouble
12/18/2006
"Lucky Directors"
Sowood Capital Management in Trouble
With its assets dropping by half in the last month (and the bad press about losing $350 million of Harvard's money doesn't help) it looks as though most of the assets of hedge fund Sowood Capital will be bought by Citadel Investment Group. Sowood was founded by Jeffrey Larson, former endowment manager at Harvard. After the transition of its portfolio to Citadel, Sowood is expected to close its doors.
-- MDT
-- MDT
Labels: Citadel Investment Group, harvard law school, hedge fund, Jeffery Larson, Sowood Capital
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"Lucky Directors"
It is not just corporate executives who have been benefiting from backdated stock option grants. According to a newly released Harvard Law School study, some 1,400 company directors have also reaped the rewards of the practice. Read the full report here.
-- MDT
-- MDT
Labels: backdating, directors, harvard law school, stock options
