How One of the World's Oldest Hedge Funds Went Bankrupt
- Weiss filed for bankruptcy, a rare hedge fund occurrence
- Firm is embroiled in a legal battle with its biggest creditor
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The order came down from George Weiss, hedge fund pioneer: Sell. Sell it all.
The fund was closing, he said, near tears, to a group of portfolio managers over Zoom. Employees were floored.