FrontPoint Sells Hedge Fund to MatlinPatterson

August 24, 2011

On August 19, 2011, Reuters reported that hedge fund manager FrontPoint Partners will sell one of its funds to private equity firm MatlinPatterson.


On August 19, 2011, Reuters reported that FrontPoint Partners has told clients that it is selling its Strategic Credit Fund to private equity firm MatlinPatterson.  Frontpoint has liquidated several portfolios since May in the wake of an insider trading scandal.

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Categories

Hedge Fund M&A, Investment Manager M&A, Transactions