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Cargill’s Black River Unit to Liquidate Four Hedge Funds

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Black River Asset Management, the $7.4 billion investment firm owned by Cargill Inc., said it’s liquidating four hedge funds with more than $1 billion in combined assets.

The firm is closing funds that invest in equities, emerging markets, commodities, as well as a fund that focuses on Europe, Middle East and Africa, James Gruver, a spokesman for Black River, said Thursday. The hedge funds account for about 15 percent of Black River’s assets, he said.