Pursuits
Meredith Whitney Fund Sued by Billionaire Platt’s BlueCrest
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Meredith Whitney’s hedge fund is being sued by its biggest investor, a fund connected to billionaire Michael Platt’s BlueCrest Capital Management, as demands to recoup money spill into court, according to people with knowledge of the dispute.
Platt’s BlueCrest Capital Opportunities brought the lawsuit in Bermuda last week, seeking to get back its $46 million stake in Whitney’s American Revival Fund, the people said, asking for anonymity because the case isn’t public. Her hedge fund slid 11 percent this year through November despite a rising stock market.