New Stream Faces Allegations, Lawsuits & Potential Takeover

June 22nd, 2009
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Contributed by: Teri Buhl
Hedge fund New Stream Capital is facing multiple lawsuits and allegations that it has improperly valued the firm’s assets. According to a recent article by Dealbreaker.com’s Teri Buhl, there is even talk of a possible investor-led takeover of the fund. To see the whole story, please click below:
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Related Article Tags: Hedge Fund Fraud and Ponzi Scheme News; Hedge Fund Resources and Featured Partner News

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by David L on November 10th, 2009

New Stream Capital bought/invested in a company I worked for 8 years in 2007. The H.L. Lyons Company(The Lyons Company LLC),a metal fabricator in Louisville, Kentucky. The company is half the size it was when I started in 2001. They immediately started taking away perks, (ie: paid lunch, etc.), and started firing/laying people off well before the 'official' recession started. I was laid off in Feb 2009. This was a family owned business. One member of the family stayed on as the 'President' of the company, while New Stream added their own CEO,CFO, and plant manager.

by ny abs trader on June 23rd, 2009

New Stream Capital- isn't this the fund that tried to blame redemption problems on Tom Peters fund troubles. Looks like once again Teri Buhl has dug into the heart of the problem. Glad to see you are following her work - it was always a great fresh read at the New York Post.


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