Sorry, just to complete every investment bank´s mess in the last weeks we have to mention of course J.P.Morgan ! JP Morgan Asset Management (JPMAM) has re-opened its JPM Highbridge Statistical Market Neutral fund after assets fell by over GBP1 billion in the recent market volatility. The Luxembourg-domiciled fund, which has been backed by leading fund of funds managers, launched in November 2006 and is a joint venture between JPMAM and US global asset management firm Highbridge Capital Management. JPMAM stopped new deals into the fund in June after assets under management surged to $8.7 billion (£4.3 billion). The group claimed the asset raising made it the fastest growing fund in retail history. http://www.citywire.co.uk/News/News...ticle.aspx?VersionID=96075&MenuKey=News.Funds
It's pretty much explained in another thread http://www.elitetrader.com/vb/showthread.php?s=&threadid=103279&highlight=monkey