hedge funds clamping down on redemptions

Discussion in 'Wall St. News' started by zdreg, Nov 29, 2008.

  1. zdreg


  2. "... Deephaven, a hedge fund firm owned by Knight Capital Group (NITE:
    NITE 16.55, +0.10, +0.6%) , suspended withdrawals from its $1.6 billion Deephaven Global Multi-Strategy funds on Oct. 30 after investors asked to redeem roughly 30% of assets under management.
    The firm also halted redemptions on its smaller Deephaven International Volatility Strategies funds after redemption requests totaled almost two-thirds of assets. ..."

    in addition the funds will be renamed into Deepsh*t funds.