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D.C. Hedge Fund Says Chilean Billionaire Defrauded Investors

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Hedge fund activism has popped up south of the border. Cartica Capital, a $2 billion Washington, D.C.-based hedge fund, is suing Chilean billionaire Alvara Saieh Bendeck in New York, accusing him of defrauding minority investors. Cartica claims Saieh has secured a “control premium” for himself in the planned merger of…

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