Embattled hedge fund Platinum Partners files for bankruptcy

Platinum Partners’ flagship hedge fund, which faces a federal fraud investigation, filed for bankruptcy protection Tuesday.

The filing in U.S. Bankruptcy Court in Manhattan notes that Platinum “is experiencing severe and substantial liquidity problems that threaten to result in the devaluation of the funds’ assets.”

View more information: https://www.marketwatch.com/story/embattled-hedge-fund-platinum-partners-files-for-bankruptcy-2016-10-19

Articles in category: moneyist
See also  https://www.marketwatch.com/story/cerecor-upgraded-to-buy-from-hold-at-maxim-group-2021-04-21

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