The chief executive of a hedge fund disputed the assertion in a New York Times article that Allied World Assurance Co. made a substantial investment in his firm.

Mark Patterson, chairman of the investment firm MatlinPatterson, says the Zug, Switzerland-based insurer Allied World made a minor investment into MPAN, a hedge fund investment vehicle.

“The kind reporter at The New York Times took a little bit of liberty and called it a 'substantial minority interest,'” says Patterson.

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