This article appears courtesy of Institutional Investor
Source: Institutional Investor Daily-Hedge Funds
Private equity firm J.C. Flowers is out, and a slew of hedge funds may be in, as the growing scrum around embattled derivatives broker Refco took several frenzied turns.
With other bidders — as many as 50, according to The New York Times — and Refco creditors crying foul at the breakup fee and other provisions negotiated by Refco and the Flowers-led investor group, Manhattan Bankruptcy Court Judge Robert D.
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