Britney Spears Slips Up As Hedge Fund Collapses

The Independent reports and jailed former Sotheby’s chairman Alfred Taubman are among the investors who have lost money in a $800million hedge fund scandal. An application was made in the British Virgin Isles to place two parent companies of Lancer Offshore Fund Group into administration last week. One of the hedge fund group’s investment partnerships, Lancer Partners, has already filed for bankruptcy protection in Connecticut, citing Spears and Taubman among 110 “Equity Security Holders”.

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