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A Hedge Fund Has Taken A Position In Billabong As A Lot Of Big Names Sell Out Of It

BusinessInsider – Reported by the Australian Financial Review, hedge fund Centerbridge Partners has bought $80 million worth of Billabong debt from Westpac and HSBC.

According to sources quoted in the article, it is likely to be an opportunistic purchase, and Centerbridge probably won’t hold the position long-term.

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