Corporate & Securities Law
: FinancialCounselHedge Funds, Such As Peloton Partners, Sailfish Multistrategy Fund, Tisbury Capital, Drake Capital And Polygon, Continue To Collapse
By James Eccleston (all)
According to top industry executives, there will be more hedge fund collapses this year as many managers struggle to borrow the money they need to trade with and face investors disappointed by recent losses.
"Some funds simply will not do well, particularly those specializing in fixed income markets," said David Bailin, who heads Bank of America's alternative investment group which invests in roughly 100 hedge funds. "It will be rough trading for the rest of the year."
As a group, hedge funds recorded their worst-ever quarter in the first three months of 2008, and managers overseeing some $3.9 billion in assets have already shut down their businesses, according to data from trade magazine Absolute Return. Peloton Partners and the Sailfish Multistrategy Fixed Income Fund rank among the year's biggest casualties so far.
Previously, the growing list of hedge funds hurt by withdrawals includes Tisbury Capital, a $2 billion London event fund; New York-based global macro trader Drake Capital; as well as Polygon, an $8 billion multi-strategy and event fund based in London as well.
Source: Reuters; Financial Times
Full post as published by FinancialCounsel on May 01, 2008 (boomark / email).

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I have worked for this employer for only three weeks. The employer makes up his own rules as to what he chooses to report for the purpose of property taxes. He tells me to "let them come after us". He defines Entertain
He arrogantly insists, "let them come after us." Well, if you are invo...
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You didn't apply for the job. so that's a tough one. Seemingly your Bo...
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No, If the lease term has not expired the rent will remain as specified original...
Must I refinance my house aftering taking full ownership after a divorce via a quit claim?
When financing there are at least two documents...the mortgage and the note. The...
My fiance's check is DD into a local credit union. Bank seems to have a pattern of "invisibly holding" charges from the debit card until just HOURS before his DD is processed (and this is after hours, of course). Over th
Have your fiance take the information you've collected and go into the bank...









