Marble Ridge ‘Grave Mistake’ Roils Neiman Marcus Bankruptcy (1)

Aug. 20, 2020, 2:32 PM

A money manager at Marble Ridge Capital LP acknowledged he committed a “grave mistake” after a federal watchdog accused him of misconduct for trying to stop a competing bidder from buying some of the assets of bankrupt Neiman Marcus Group Inc.

The hedge fund’s managing partner Dan Kamensky said he had been vying to buy shares of MyTheresa, the valuable online unit of Neiman Marcus, from creditors, according to a report from the U.S. Department of Justice. He sent messages to Jefferies, an investment bank that was also looking to buy shares in the unit, to try to influence that ...

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