Two More Sphinx Funds Approved For Liquidation

Law360 (June 9, 2006, 12:00 AM EDT) -- A U.S. bankruptcy court judge has approved the liquidation of two hedge funds run by PlusFunds Group Inc., as the fallout from the group’s ties to the collapse of futures broker Refco continues.

Judge James M. Peck of the U.S. Bankruptcy Court for the Southern District of New York authorized the liquidation of Sphinx Investment Fund L.P. and Sphinx Managed Futures L.P., two of the many funds launched and managed by PlusFunds.

Sphinx Investment has about $2.7 million remaining in assets, while Sphinx Managed Futures “appears...
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