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Hedge fund mogul in nasty divorce battle with ex

NYP – A Dallas hedge-fund mogul trying to sidestep a $5 million pre-nup pact payout to his ex-wife will find out as soon as this week if his claims of insolvency will work.

James Dondero, co-founder and president of the $18 billion asset manager Highland Capital Management, claimed in court that despite allegedly earning more than $36 million in 2010, several pending lawsuits against the firm have rendered him insolvent under the court’s accounting rules.

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