November 22, 2008
Greg Coffey quits GLG to start hedge fund
GLG's star trader Greg Coffey has quit to start his own hedge fund after failing to agree a new salary and conditions package with GLG's management.
Summit Partners buys into hedge fund
Summit Partners is buying a one-third stake in $5 billion hedge fund Coast Asset Management LLC.
Stocks fall as hedge fund concerns weigh
U.S. stocks sank on Tuesday -- with the three major indexes sliding more than 1 percent -- amid speculation about potentially large hedge fund losses.
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