Hedge Funds May Finance AMR Bankruptcy Plan

Aug 30 2012 | 3:49am ET

A group of hedge funds may give the bankrupt parent of American Airlines as much as $2 billion in new financing.

The creditor group includes Carlson Capital, Claren Road Asset Management, Cyrus Capital Partners, Litespeed Management and Pentwater Capital Management. AMR Corp., which owns AA, yesterday sought court permission to pay the fees for the hedge funds' lawyers and financial advisers.


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Publisher's Note

    Hedge Funds Care Gala Raises $2 Million For Charity

    Mar 10 2014 | 11:33am ET

    A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…