03:27 PM EDT, 04/08/2024 (MT Newswires) -- Blackstone (BX)-backed hedge fund Antara Capital froze its hard-to-sell assets from redemptions in February to avoid a fire sale after posting declining returns for two consecutive years, Bloomberg reported Monday, citing people with knowledge of the matter.

A representative for Antara declined to comment to Bloomberg.

Antara did not immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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