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Stream Finance Suspends Withdrawals After $93M Asset Loss

Stream Finance disclosed on Nov. 4 that approximately $93 million in fund assets managed by an external fund manager were lost. The firm has engaged attorneys Keith Miller and Joseph Cutler from Perkins Coie LLP to lead an investigation and is withdrawing all liquid assets, a process expected to complete in the near term. All withdrawals and deposits have been suspended pending a full assessment of the loss scope and cause.
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