US hedge fund that dealt with Asiasons, Blumont, LionGold files for bankruptcy

(Oct 24): Two Platinum Partners hedge funds have sought US Chapter 15 bankruptcy protection as part of an ongoing liquidation effort, according to court documents filed in the New York federal court on Oct 18.

In August, a Cayman Islands court ordered that an outside expert unwind the so-called offshore versions of its flagship hedge fund, Platinum Partners Value Arbitrage, which, along with the firm, is also being investigated by US authorities.

(See also: US hedge fund that dealt with Asiasons, Blumont and LionGold faces scrutiny)

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