Hedge fund Appaloosa Management may be near an agreement that could give it up to a one-third stake in bankrupt auto parts maker Delphi Corp. when it emerges from court protection, The Wall Street Journal reported on Saturday.
GREENWICH, Conn., Sept. 30 (UPI) -- A Connecticut-based hedge fund that lost $6.4 billion in less than a month because of bad energy trades plans to shut down, its founder said.
(Greenwich-AP, September 30, 2006 8:50 AM)_ A Greenwich-based hedge fund that lost more than six billion dollars in less than a month is preparing to shut down.
Amaranth Advisors, the $9.2 billion hedge fund that lost $6.5 billion in less than a month, is preparing to shut down. Nicholas Maounis, the founder of the hedge fund, sent a letter to investors last night informing them that the fund was suspending all redemptions for Sept. 30 and Oct. 31, to “enable the Amaranth funds to generate liquidity for investors in an orderly fashion, with the goal of
Click here to see how the money goes down the drain HEDGE fund managers at leading funds, including Peloton Partners, Moore Capital and Vega, face the prospect of losing lucrative bonuses unless they dramatically raise their returns in the
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