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Gotham Partners Closing Two Funds
The $300 million Gotham Partners Management is in the process of closing two of its principal investment funds, in part because of its investment in a financially troubled golf course, Gotham Golf Corp. Gotham is shuttering two funds that mainly invest in non-publicly traded companies and real estate concerns.
The hedge fund took the action after a New York State court blocked the merger of Gotham Golf with First Union Real Estate Equity and Mortgage Investments. The court ruling could force Gotham Golf to file for bankruptcy protection.
Gotham officials were not available for comment. ...
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