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Opalesque Exclusive: Estlander & Ronnlund`s indirect Sentinel exposure under EUR700K, expects custodian bank (BoNY) `has done their part and kept assets properly segregated, and that they will be recovered` Martin Estlander said to Opalesque: “Our exposure is indirect and is limited to two funds for which we act as manager. The total assets to be recovered is less than 700.000EUR and represents less than 1% of assets under management.

According to information we have received, the result of an audit which NFA has carried out confirms that the assets in the account that is relevant to our case are still intact. We assume that the custodian bank (Bank of New York) has done their part and kept the assets properly segregated, and that they will be recovered.”

Sentinel seeks trustee to run business in bankruptcy From Bloomberg.com: Sentinel Management Group Inc. asked the judge overseeing its bankruptcy to appoint a trustee to run the business while its managers deal with regulatory probes. Source

Judge approves Sentinel`s request for trustee From Chicagobusiness.com: A federal bankruptcy judge on Thursday approved Sentinel Management Group Inc.’s request for a trustee.  The U.S. Trustee’s office will interview candidates and submit a name to Judge John Squires in the U.S. Bankruptcy Court of the Northern District of Illinois at......................

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