Hedge Fund Platinum Partners to Pay Back Fraction of What Firm Owes
The hedge fund is under federal fraud investigation
Hedge fund Platinum Partners plans to pay back around $80 million to investors in the coming months, less than 10% of what the firm owes in total, according to people familiar with the matter.
Sooooo, they are liquidating all the funds AND getting paid back from IMX and all they are getting is $80M? We owe them like $100M.
Hmmmm, looks like PP might just got pinched in our favor!
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