Platinum Partners’ Lesson on the Dangers of Betting on Lawsuits
The New York hedge fund firm recovered $70 million in losses from a fraudulent scheme connected to the fast-growing business of funding legal proceedings. Now its managers are telling others to tread with caution in this niche market.
Jan AlexanderJune 12, 2013
Platinum Partners president Uri LandesmanIt’s a lawsuit wrapped in a lawsuit, a twist on a strategy that has become fairly widespread among hedge funds. The world is so rife with litigation that many hedge funds
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