Separately, UnitedHealth Group agreed to pay $912m to settle shareholders' lawsuits that stem from an options-backdating case.Samuel Israel, the co-founder of Bayou Management, a bankrupt hedge fund, surrendered in Massachusetts to authorities after three weeks on the run.
And Robert Sanborn, manager of the Oakmark Fund, surrendered his post, as did Gary Brinson, a chief investment officer at UBS A.G. Nevertheless, value investing still has its core loyalists, at least as seen at a recent two-day executive seminar on the subject at the Columbia University Business School.
SPDR S&P Homebuilders : It looks like one big options player threw in the towel on a massive bullish stance involving XHB call contracts today as shares of the underlying fund surrendered 2% to stand at $17.31 as of 1 00 pm (ET).
By way of derogation from Article 12(3), the fund shall surrender allowances collectively on behalf of ship operators which are members of the fund.
He gave London and Continental Railways 30 days to find additional funds or surrender the contract.
Bayou's creditors were taking aim at Goldman even before Mr. Israel, the former manager of the Bayou Group hedge fund firm, surrendered to the authorities on July 2. His faked suicide on a Hudson River bridge 40 miles north of Manhattan and subsequent disappearance on the day he was to start a prison term had set off an international manhunt.
The China exchange-traded fund has surrendered 0.5% Wednesday to stand at $40.34.
A1 Fund-Raiser Surrenders Norman Hsu, a prominent Democratic donor who had raised hundreds of thousands of dollars for candidates, turned himself in to the authorities in California, where there was a 15-year-old warrant for his arrest in a fraud case.
The litigation surrender fund is five times the £20m Wapping set aside in April when it ended five years of denial and admitted hacking had been rife at its best-selling paper.
