New Earthshell, a subsidiary of YA Global Investments, funneled the contributions of two Yorkville funds to YA TALF Holdings, a specialpurpose entity that was formed to purchase asset-backed securities.
In connection with investor redemptions it could not meet in 2008, Yorkville Advisors restructured its hedge fund operations, creating specialpurpose vehicles and giving redeeming investors the option of receiving securities in-kind or ownership in the SPVs.
In connection with investor redemption requests it could not meet in 2008, Yorkville Advisors restructured its hedge fund operations, creating specialpurpose vehicles and giving redeeming investors the option of receiving securities in-kind or ownership in the SPVs.