Aug. 1 (Bloomberg) -- Asia Genesis Management, a hedge fund based in Singapore that manages about $450 million, has increased cash holdings to 95 percent of its assets as losses from U.S. subprime mortgages spread.
Aug. 1 (Bloomberg) -- Asia Genesis Management, a hedge fund based in Singapore that manages about $450 million, said it is shifting some of its holdings to cash to avoid losses as the credit quality of U.S. subprime mortgages deteriorates.
NEW YORK, July 31 (Reuters) - Bear Stearns Cos. Inc., recently embarrassed by the collapse of two hedge funds, said on Tuesday it has halted redemptions in a third hedge fund after jittery investors wanted to pull out their money.
SAN FRANCISCO (MarketWatch) -- Another Bear Stearns hedge fund has been hit by turmoil in the mortgage market.
Sowood Capital Management, a $3 billion Boston hedge fund launched just three years ago by former Harvard endowment manager Jeffrey Larson, sold most of its holdings in troubled debt markets yesterday after telling investors that it had losses of more than 50 percent this month.
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