2008-10-29 — finalternatives.com
``The five Lancelot funds and their subsidiaries filed for Chapter 7 liquidation in U.S. Bankruptcy Court in Chicago last week. According to court documents, the funds invested about $1.5 billion of their $1.8 billion in assets in Petters' business entities, which, in addition to his hedge funds, include Polaroid and Sun Country Airlines.''
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