{"id":5774,"date":"2015-02-27T00:00:00","date_gmt":"2015-02-27T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2015\/02\/judge_temporarily_blocks_mered"},"modified":"2022-05-06T12:30:22","modified_gmt":"2022-05-06T17:30:22","slug":"judge-temporarily-blocks-mered","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/judge-temporarily-blocks-mered\/","title":{"rendered":"Judge Temporarily Blocks Meredith Whitney Fund From Making Investor Payouts in the Wake of BlueCrest Capital Opportunities Lawsuit"},"content":{"rendered":"

New York State Supreme Court Justice Jeffrey K. Oing says that he is temporarily stopping Meredith Whitney\u2019s American Revival Fund from making investor payouts until there is a hearing about the securities lawsuit filed against the fund by BlueCrest Capital Opportunities Ltd. The plaintiff, a BlueCrest Capital Management affiliates, contends that Whitney\u2019s fund did not honor its request to give back its now $46 million investment.<\/p>\n

BlueCrest Capital Management, owned by billionaire Michael Platt, is Whitney\u2019s largest investor. Now, its affiliate wants its stake back in the American Revival Fund. BlueCrest Capital Opportunities Ltd. filed its lawsuit in Bermuda at the end of last year. It was Platt who helped Whitney start her firm, Kenbelle Capital.<\/p>\n

According to data gathered by Bloomerg.com, 2014 saw institutional investors getting involved in hedge funds and the largest players, with the funds on average returning approximately 2% over the first 11 months. Whitney\u2019s fund, however, was down for most of that time. Her CFO and co-founder left and BlueCrest sought to get out not long after investing. BlueCrest maintains that a Kenbelle executive accepted the redemption request at first but no payment was made at the expected date.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

New York State Supreme Court Justice Jeffrey K. Oing says that he is temporarily stopping Meredith Whitney\u2019s American Revival Fund from making investor payouts until there is a hearing about the securities lawsuit filed against the fund by BlueCrest Capital Opportunities Ltd. The plaintiff, a BlueCrest Capital Management affiliates, contends that Whitney\u2019s fund did not […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3740],"tags":[],"class_list":["post-5774","post","type-post","status-publish","format-standard","hentry","category-miscellaneous"],"yoast_head":"\nJudge Temporarily Blocks Meredith Whitney Fund From Making Investor Payouts in the Wake of BlueCrest Capital Opportunities Lawsuit — Investor Lawyers Blog — February 27, 2015<\/title>\n<meta name=\"description\" content=\"New York State Supreme Court Justice Jeffrey K. 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