Leucadia Adds $100m to Folger Hill Bet as Hedge Fund Stabilizes

(Reuters) Leucadia National Corp has doubled down on hedge fund firm Folger Hill Asset Management LP with a new approximately $100 million investment, according to a person familiar with the situation. The recent cash infusion by Leucadia, the parent company of investment bank Jefferies Group, adds to its already $400 million bet on Folger Hill.

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