Argent to shutter Veritas high yield fund

June 02, 2006  



Argent Funds Groups is shutting down the Veritas High Yield Arbitrage Fund as tough market conditions have left it with a dearth of opportunities.

Argent expects to return the majority of capital to investors by mid-June. A small amount of the fund - less than 12% - is allocated to several illiquid positions and...

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