http://business.timesonline.co.uk/t...ectors/banking_and_finance/article3542723.ece Hedge funds on the brink as US Federal Reserve cash fails to ease crisis Suzy Jagger in New York Several hedge funds with assets of more than $4 billion (£2 billion) were on the brink of collapse last night or had halted withdrawals, despite moves by the US Federal Reserve this week to ease Americaâs deteriorating credit crisis with a $200 billion collateral lending facility. The potential closure of six funds came as a leading private equity executive, who declined to be named, said that such funds were âsnapping like twigsâ, with one failing every day. Yesterday Patti Cook, Freddie Macâs chief business officer, predicted that the Federal Reserveâs $200 billion bond lending facility this week would fail to solve the long-term problem of Wall Streetâs deepening credit crisis.... http://business.timesonline.co.uk/t...ectors/banking_and_finance/article3542723.ece