Cargill Hedge Fund in Chaos as Fat Salary, Feud Sink Sale Plan

Updated on
  • Cargill abandons effort to sell $10 billion investment arm
  • CarVal President Brice sued Cargill for wrongful dismissal

When agricultural giant Cargill Inc. put its investment arm up for sale last year, it had all the looks of a simple and quick transaction. Goldman Sachs was in charge of shopping the $10 billion firm, known as CarVal Investors, and powerhouses like Blackstone and Carlyle were among those sniffing around.

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