Stock Groups

Anchorage Capital to close $7.4 billion flagship hedge fund

by Mike Robinson

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(Reuters) – Anchorage Capital Group, a hedge fund that has been in existence for 18 years is shutting down its flagship fund and returning $7.4 billion to clients. The Wall Street Journal reported Wednesday.

According to the report, Anchorage did not specify a deadline by which clients would get their entire money back from this fund.

According to WSJ, the company stated that it will focus its structure-credit and private equity-style funds.

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