Hedge fund Antara freezes hard-to-sell assets after losses: Report

Blackstone-backed hedge fund Antara Capital has frozen illiquid or hard-to-sell assets from redemptions after piling on losses, Bloomberg reported. The $1.3-billion hedge fund has posted a second straight year of slumping returns and through the move, aims to avoid a fire sale of the illiquid investments which dragged the firm's profits. Over 80% of Antara investors consented to the move.