CJBK – A bankruptcy judge on Monday agreed to grant final approval of a modified financing plan for horse-track owner Magna Entertainment Corp. (TSX:MEC.A).

Ontario-based Magna Entertainment is the largest horse track owner in the United States. Its holdings include Golden Gate Fields in Northern California, Gulfstream Park in Florida, Lone Star Park in Texas and Baltimore’s Pimlico racetrack – host of the Preakness Stakes, the second leg of the Triple Crown.

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Tags: bankruptcy judge, final approval, golden gate, golden gate fields, gulfstream park, horse track, lone star park, magna entertainment corp, mec, northern california, pimlico racetrack, preakness stakes, star park, triple-crown, tsx

CNNMoney.com – Dow Jones & Co. has suspended the publication of two hedge-fund benchmarks and the Dow Jones Hedge Fund Balanced Portfolio Index that incorporates them, saying that the underlying hedge funds have been deleveraging in an effort to reduce the risk to their investors.

Suspended are the Dow Jones Hedge Fund Equity Long/Short and Equity Market Neutral Strategy benchmarks. The 5-year-old benchmarks, and four others like them, measure individual hedge-fund strategies. Combined, the six make up the Dow Jones Hedge Fund Balanced Portfolio Index.

The request for the hedge funds to deleverage was made by Lyra Capital LLC. Lyra Capital is an investment manager and unit of Credit Agricole Structured Asset Management S.A. Lyra "provides the methodology programs used" in the Dow Jones Hedge Fund Strategy Benchmarks, the company’s Web site says.

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Tags: bad-news, beta, credit-suisse, debt-financing, german-insurer, global-research, investment-firms, manhattan, medallion, mortgage-defaults, newcastle, second-effort, soros-fund-management, triple-crown, volatility