Sculptor Capital Management, a New York-based asset management firm, has announced that it has rejected an improved takeover bid from a group of investors.

The group of investors, who have not been identified, had improved their previous offer, but it was still below the firm’s expectations.

Sculptor Capital Management is one of the largest hedge fund managers in the United States, with over $12 billion in assets under management.

In a statement, Sculptor Capital Management said that it “remains open to engaging in discussions with the group or any other interested party,” but it would not sell the company for less than what it believes it is worth.

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