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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

FDIC takes on new role as bankruptcy lender

Posted on 16 August 2012

The Federal Deposit Insurance Corp is taking on a new role as a bankruptcy lender, Singapore’s sovereign-wealth fund is forcing an auction of four resorts owned by John Paulson’s hedge fund and Pergrine’s CEO is set to be arraigned Friday on fraud charges.
Singapore’s sovereign-wealth fund is forcing an auction of four massive luxury U.S. resorts, setting up the fund for a confrontation with the existing owners: a group led by hedge fund Paulson & Co. and Boston-based Winthrop Realty Trust……………………………………….Full Article: Source


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