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Art Institute of Chicago Accuses Hedge Fund Manager of Fraud
The Art Institute of Chicago has sued its Dallas-based trading firm for defrauding it of as much as $43 million dollars invested in hedge funds that promised safety.
Integral Investment Management, LP is accused of locking up most of the investments in risky investments such as "delinquent consumer debt". The investments represent approximately 6% of the museum's total endowment.
Source: Chicago Tribune, December 11, 2001
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