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	<title>Hedge Fund News From HedgeCo.Net &#187; fbi-raid</title>
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		<title>Ritchie Funds Sued by Barclays Over Hidden Petters Group Stake</title>
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		<pubDate>Thu, 20 Nov 2008 00:00:00 +0000</pubDate>
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		<description><![CDATA[Bloomberg &#8211; Ritchie Capital Management and Thane Ritchie, the hedge fund manager&#8217;s principal, were sued by Barclays Bank Plc over accusations they concealed more than $150 million in investments made in the collapsed Petters Group Worldwide LLC and affiliates. Now bankrupt, Petters Group, based in Minnetonka, Minnesota, was raided in September by FBI agents acting [...]]]></description>
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		<title>Deephaven Freezes Multistrategy Hedge Fund to Avoid Asset Sales</title>
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		<description><![CDATA[Bloomberg &#8211; Deephaven Capital Management LLC, the hedge-fund unit of stockbroker Knight Capital Group Inc., froze a $1.6 billion fund after investors asked to get back 30 percent of their money. Withdrawals from the Deephaven Global Multistrategy Fund were suspended so managers wouldn&#8217;t be forced to sell assets in falling stock and debt markets, the [...]]]></description>
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