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December 13, 2017  

Outsiders Get Crack at Arbiter Play

Paul Isaac’s Arbiter Partners is seeking to raise capital for a big investment in Europe.The offering marks a rare opportunity for outside investors to place a concentrated bet alongside Isaac, a widely admired value investor who previously headed fund-of-funds shop Cadogan Management. Arbiter runs an opportunistic hedge fund along with two special-purpose vehicles that hold one position at a time. Those two funds typically accept capital...

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