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Cargill's big-money investment firm is cutting back

2015-07-31 14:31:22| Food - Topix.net

Black River Asset Management, an investment firm owned by agribusiness giant Cargill Inc. , will shut down four of its hedge funds and give $1 billion back to investors, citing a lack of demand. The Wall Street Journal reports on the cutbacks at Black River , which will also include some layoffs - it's not clear how many - and the possible closures of offices in Europe and South America.

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