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Mudrick Writes Down Huge Stake in E-Cig Maker
But the distressed-credit specialist still posted strong returns in 2019.
Jason Mudrick’s hedge fund has finally written down its stake in a major e-cigarette maker.The distressed-credit specialist’s Mudrick Distressed Opportunity vehicle declined roughly 6 percent in December, mostly reflecting the markdown of its huge position in Njoy Holdings after a ban on flavored e-cigarettes was announced, according to an investor
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