Former Morgan Stanley global market strategist and hedge fund manager Barton Biggs died on Saturday at the age of 79, according to an internal memo from the firm. The memo, sent by Chairman and Chief Executive James Gorman to all staff, didn't specify the circumstances of his death.
Harbinger Capital gets loan from Dellís MSD (Fund News)
Harbinger Capital Partners Master Fund I Ltd. entered into a note purchase agreement on June 14 with a credit fund run by MSDC Management LP, according to a June 18 regulatory filing. MSDC Management is an investment adviser backed by MSD Capital LP, the private investment firm for Dell and his family.
Stanford sentenced to 110 years in prison (Fund News)
Allen Stanford was sentenced to 110 years in prison for defrauding customers of $7bn to fund a lavish lifestyle including the purchase of Caribbean property, a fleet of aeroplanes and an international cricket tournament.