Citadel Investment Group offered $75,000 for a non-exclusive license to the hedge fund manager database of defunct hedge fund-of-funds manager PlusFunds Group. PlusFunds - which filed for Chapter 11 bankruptcy protection in March in U.S. Bankruptcy Court in New York - asked the judge for permission to sell a license to Citadel to raise money to pay for its liquidation plan, according to court filings. The license would give Citadel - and potentially other buyers - access to the database, which contains trading position information for about 40 hedge funds in PlusFunds' SphinX Funds between July 2002 and June 2006. Some hedge funds known to have been used in the SphinX Funds include Bridgewater Associates, GLG Partners and Vega Asset Management.
According to the court filings, the deadline for objections to the sale of the license is Dec. 15.