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Hedge-Fund Liquidators Sell Manager’s House

WSJ – Liquidators of the collapsed hedge fund Weavering Capital have sold a house belonging to its manager Magnus Peterson for close to £1 million ($1.64 million), a small step in their efforts to recoup $450 million in damages that they were awarded in a civil case two years ago.

The sale of the six-bedroom thatched property, dating from the 17th century, marks the latest stage in the protracted fallout from the collapse of the $600 million hedge fund during the credit crisis and comes as a criminal trial looms.

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