November 22, 2008
Berlin calls for voluntary hedge fund code
Germany has switched tactics in its efforts to police the fast-growing global hedge fund industry, hoping to overcome US and British scepticism by encouraging the industry itself to compile a voluntary code of conduct.
WASHINGTON -- A $2 billion New York hedge fund with large auto sector holdings told investors they could temporarily not withdraw funds, amid heavy losses in its auto and airline holdings.
BlueMountain Capital Management has launched a hedge fund tied to structured corporate credit markets even as analysts fret that market conditions could worsen.
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