A group of Adler Group SA bondholders escalated a fight with the embattled landlord, urging management of a subsidiary to quit after a recent property deal that the investors say could make it harder for them to get their money back.
The creditors, which include hedge funds such as GLG Partners that hold bonds issued by Adler Real Estate, wrote in a letter to the unit’s management they’re concerned the transaction wasn’t done “at arms length.”
