It appears that hedge fund manager Meredith Whitney and her largest investor, billionaire hedge fund manager Michael Platt, have agreed to settle their disagreement in private. Bloomberg is reporting that Platt’s suit to force Whitney to return his investment in the fund has been settled out of court. Platt wanted Whitney to return his investment capital The spat was settled, according to a June 1 filing, but details of the arrangement were not disclosed and it is unclear how this will impact Whitney’s future. A judge initially ruled in BlueCrest’s favor, who blocked Whitney’s attempts to return money to other…
Michael Platt, Meredith Whitney Agree To Settle Hedge Fund Dispute
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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