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Investors Want Control Of Failed Bear Stearns Fund

Law360 (October 31, 2007, 12:00 AM EDT) -- A group of investors that lost money in one of the Bear Stearns hedge funds that imploded over the summer has launched an effort to take control of the fund's management.

The investors are focused on the “Enhanced Leverage” fund, one of two Bear Stearns funds that took a high-profile nosedive earlier this year after bad bets in the subprime mortgage market. The group is looking to replace the Bear Stearns management with FTI Capital Advisers, an arm of FTI Consulting Inc. which specializes in forensic...
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