The hedge funds strike back
Against the run of play, hedge funds score a late equaliser and are right back in the game.
Because you’re worth it.
On Tuesday, the US District Court, Southern District of New York energised a slow half-term week by ruling that Citibank who, in August last year, accidentally paid a half-billion odd dollars to some hedge funds on behalf of Revlon, who didn’t ask it to, couldn’t have the money back.
It’s a fascinating case involving curly concep…
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