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Posted on 16/03/06

First Portus creditors meeting expected soon

The first meeting of creditors of failed hedge fund firm Portus Alternative Asset Management Inc. is expected within the next three months.Court-appointed receiver KPMG Inc. in a motion filed yesterday asked to be named the trustee in bankruptcy of Portus and several related entities. The appointment is expected to be approved at a court hearing scheduled for March 24.

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