(FILES) Former FTX chief executive Sam Bankman-Fried leaves Manhattan federal court, New York, January 3, 2023. Former crypto tycoon Sam Bankman-Fried was found guilty November 2, 2023 by a New York jury on all seven counts of fraud, embezzlement and criminal conspiracy. The panel reached its decision after five weeks of trial, and Bankman-Fried now faces up to 110 years behind bars. (Photo by Ed JONES / AFP) (Photo by ED JONES/AFP via Getty Images)

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Investors allege former FTX customers abruptly reneged on selling claims to their accounts and are suffering from an age-old affliction: seller’s remorse.

Hedge Funds

Reporter

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The FTX bankruptcy was looking like a hedge fund trade for the ages, set to make hundreds of millions of dollars for intrepid vulture investors. That was before things got messy.

Hedge funds and other distressed investors rejoiced last month when bankruptcy managers said the corporate carcass of FTX, 

’s collapsed crypto exchange, had enough assets 

Hedge funds made a killing on FTX — then it got complicated

Investors allege former FTX customers reneged on selling claims to their accounts and are suffering from seller’s remorse

Caitlin McCabe

Alexander Saeedy

Jiyoung Sohn

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Alain Courbebaisse will take on role in the new year

Simpson Thacher hires Sidley Austin finance duo in London

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Leveraged finance lawyers are in high demand in London

Trading Places: EY names UK financial services head, BofA promotes 387 MDs

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Find out who is on the move in the City and beyond this week

The Fed’s signal that it will cut rates less than expected complicates efforts by other central banks to manage their economies.

Bank of England Keeps Rates Steady After Fed Move

Palliser Capital doubled down on its call for a review of Rio Tinto’s dual listing in London and Sydney, adding that it now has the backing of more than 100 shareholders.

Activist Investor Widens Call for Review of Rio Tinto’s Dual-Listing

Activist Investor Palliser Capital Widens Call for Review of Rio Tinto’s Dual-Listing Status

In a 12-hour social-media barrage, the world’s richest man led a rebellion against a bill aimed at keeping the government funded.

Musk Draws First Blood With Spending Bill Bombshell 

Aides kept meetings short and controlled access, top advisers acted as go-betweens and public interactions became more scripted. The administration denied Biden has declined.

By Annie Linskey, Rebecca Ballhaus, Emily Glazer and Siobhan Hughes

How the White House Functioned With a Diminished Biden in Charge

Indexes were lower in Europe’s morning trade, as markets digested hawkish comments from the Fed’s Powell which left investors blindsided, Richard Hunter, Head of Markets at Interactive Investor, said.

European Indexes Fall on Slower U.S. Rate Cut Projections

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