bleakhouse Posted August 8, 2007 Share Posted August 8, 2007 http://hf-implode.com/ It looks like ml-implode guys are branching out, but their implode-o-meter isn't as big as yours. Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted August 8, 2007 Author Share Posted August 8, 2007 http://hf-implode.com/It looks like ml-implode guys are branching out, but their implode-o-meter isn't as big as yours. They might count differently anyway. Anyway, it's good that someone keeps track of the unfolding massacre. Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted August 9, 2007 Author Share Posted August 9, 2007 Welcome to the Hedge Fund Implode-O-Meter Update -- new funds/info are/is posted in bigger fonts. ----------------------------------------------------------------------------------------------- Since June 2007, 26 funds have gotten into trouble: ABS-Invest Fund (Union Investment Asset Management Holding AG) "6 percent of its assets in securities related to subprime mortgage loans" halted redemptions "clients withdrew about 10 percent of the assets in the past month" http://www.bloomberg.com/apps/news?pid=206...&refer=home Basis Yield Alpha fund Basis Pac-Rim Opportunity fund (Basis Capital Fund Management Ltd. -- $1bn) "structured credits and junk-rated loans" "Withdrawals from the funds have been frozen and some margin calls have been missed" "The Yield Fund lost 14 percent in June, and the its Aust-Rim Opportunity Fund declined 9 percent" "indiscriminate” repricing of “otherwise fundamentally sound collateral" http://www.ft.com/cms/s/e839b922-2fdb-11dc...00779fd2ac.html http://www.bloomberg.com/apps/news?pid=206...amp;refer=funds Bear Stearns High- Grade Structured Credit Fund Bear Stearns High-Grade Structured Credit Enhanced Leveraged Fund CDOs rescue efforts http://www.bloomberg.com/apps/news?pid=new...id=ahWfhEJ7dra4 http://www.bloomberg.com/apps/news?pid=new...id=a2.uCdsyYHtE Another Bear Stearns Fund -- $900 million asset-backed securities redemption halted losses in July http://www.bloomberg.com/apps/news?pid=206...&refer=home BNP Paribas ABS Euribor BNP Paribas ABS Eonia funds Parvest Dynamic ABS -- combined $2.76 billion (all BNP Paribas) suspended "jitters among its investors" http://www.ft.com/cms/s/9a4cabc4-464d-11dc...00779fd2ac.html http://www.bloomberg.com/apps/news?pid=206...&refer=home Caliber Global Investment Ltd. -- $908 million (Cambridge Place Investment Management LLP) mortgage fund closes down (losses) http://www.bloomberg.com/apps/news?pid=206...amp;refer=funds Fund by Carlyle Group MBSs IPO postponed; downsized http://www.bloomberg.com/apps/news?pid=206...&refer=home Dillon Read Capital Management LLC (UBS) equities, mortgages losses: $122 million in Q1 2007 http://www.bloomberg.com/apps/news?pid=new...id=aV.uoldRoQGU FT ABS-Plus fund -- $221 million (Frankfurt Trust) halted redemptions "clients removed 20 percent of their money" http://www.bloomberg.com/apps/news?pid=new...id=azNwjyV3aReg Galena Street Fund -- $300 million (Braddock Financial Corp.) subprime mortgages "Redemptions from investors nervous about subprime mortgage crisis", loss of about 3 percent in Q1 2007 http://today.reuters.com/news/articleinves...DOCK-URGENT.XML Horizon ABS Fund LP (United Capital Markets Holdings Inc. -- $619 million) subprime- mortgage bonds restricted redemptions because of "unusually high number of redemption requests" http://www.bloomberg.com/apps/news?pid=206...&refer=home Lake Shore Asset Management Ltd. -- $466 million commodities fund assets frozen; overstated holdings http://www.bloomberg.com/apps/news?pid=206...&refer=home Oddo Cash Titrisation Oddo Cash Arbitrages Oddo Court Terme Dynamique -- combined $1.37 billion (Oddo & Cie) suspended hopes to reimburse investors in September 2007 http://www.financialnews-us.com/?page=usho...ntid=2448442402 Queen's Walk Investment Ltd. (Cheyne Capital Management Ltd.) mortgage fund losses $91 million http://www.bloomberg.com/apps/news?pid=206...&refer=home Ritchie Risk-Linked Strategies Trading (Ireland) Ltd. Ritchie Risk-Linked Strategies Trading (Ireland) Ltd. II life insurance investments filed for bankruptcy; losses $700 million http://www.bloomberg.com/apps/news?pid=206...&refer=home Sowood Capital Management LP -- $3 billion corporate bonds no redemptions until late 2008, the two hedge funds will be unwound losses this month of approx. $1.5 billion "Citadel Investment Group LLC bought most of the assets of Sowood Capital Management LP" http://www.bloomberg.com/apps/news?pid=206...amp;refer=funds http://www.bloomberg.com/apps/news?pid=206...&refer=home http://www.bloomberg.com/apps/news?pid=206...&refer=home WestLB Mellon Compass Fund: ABS Fund -- €235 million (WestLB Mellon Asset Management) structured credit instruments "asset freeze... from August 6" http://www.ft.com/cms/s/9c904078-4510-11dc...00779fd2ac.html Yield Strategies Fund Yield Strategies Fund NZD -- $177 million (Absolute Capital Group Ltd.) collateralized debt obligations withdrawals suspended http://www.bloomberg.com/apps/news?pid=206...&refer=home Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted August 14, 2007 Author Share Posted August 14, 2007 (edited) Welcome to the Hedge Fund Implode-O-Meter Update -- new funds/info are/is posted in bigger fonts. ----------------------------------------------------------------------------------------------- Since June 2007, 27 funds have gotten into trouble: ABS-Invest Fund (Union Investment Asset Management Holding AG) "6 percent of its assets in securities related to subprime mortgage loans" halted redemptions "clients withdrew about 10 percent of the assets in the past month" http://www.bloomberg.com/apps/news?pid=206...&refer=home Basis Yield Alpha fund Basis Pac-Rim Opportunity fund (Basis Capital Fund Management Ltd. -- $1bn) "structured credits and junk-rated loans" "Withdrawals from the funds have been frozen and some margin calls have been missed" "The Yield Fund lost 14 percent in June, and the its Aust-Rim Opportunity Fund declined 9 percent" "indiscriminate” repricing of “otherwise fundamentally sound collateral" http://www.ft.com/cms/s/e839b922-2fdb-11dc...00779fd2ac.html http://www.bloomberg.com/apps/news?pid=206...amp;refer=funds Bear Stearns High- Grade Structured Credit Fund Bear Stearns High-Grade Structured Credit Enhanced Leveraged Fund CDOs rescue efforts http://www.bloomberg.com/apps/news?pid=new...id=ahWfhEJ7dra4 http://www.bloomberg.com/apps/news?pid=new...id=a2.uCdsyYHtE Another Bear Stearns Fund -- $900 million asset-backed securities redemption halted losses in July http://www.bloomberg.com/apps/news?pid=206...&refer=home BNP Paribas ABS Euribor BNP Paribas ABS Eonia funds Parvest Dynamic ABS -- combined $2.76 billion (all BNP Paribas) suspended "jitters among its investors" http://www.ft.com/cms/s/9a4cabc4-464d-11dc...00779fd2ac.html http://www.bloomberg.com/apps/news?pid=206...&refer=home Caliber Global Investment Ltd. -- $908 million (Cambridge Place Investment Management LLP) mortgage fund closes down (losses) http://www.bloomberg.com/apps/news?pid=206...amp;refer=funds Fund by Carlyle Group MBSs IPO postponed; downsized http://www.bloomberg.com/apps/news?pid=206...&refer=home Dillon Read Capital Management LLC (UBS) equities, mortgages losses: $122 million in Q1 2007 http://www.bloomberg.com/apps/news?pid=new...id=aV.uoldRoQGU FT ABS-Plus fund -- $221 million (Frankfurt Trust) halted redemptions "clients removed 20 percent of their money" http://www.bloomberg.com/apps/news?pid=new...id=azNwjyV3aReg Galena Street Fund -- $300 million (Braddock Financial Corp.) subprime mortgages "Redemptions from investors nervous about subprime mortgage crisis", loss of about 3 percent in Q1 2007 http://today.reuters.com/news/articleinves...DOCK-URGENT.XML Horizon ABS Fund LP (United Capital Markets Holdings Inc. -- $619 million) subprime- mortgage bonds restricted redemptions because of "unusually high number of redemption requests" http://www.bloomberg.com/apps/news?pid=206...&refer=home Lake Shore Asset Management Ltd. -- $466 million commodities fund assets frozen; overstated holdings http://www.bloomberg.com/apps/news?pid=206...&refer=home Oddo Cash Titrisation Oddo Cash Arbitrages Oddo Court Terme Dynamique -- combined $1.37 billion (Oddo & Cie) suspended hopes to reimburse investors in September 2007 http://www.financialnews-us.com/?page=usho...ntid=2448442402 Queen's Walk Investment Ltd. (Cheyne Capital Management Ltd.) mortgage fund losses $91 million http://www.bloomberg.com/apps/news?pid=206...&refer=home Ritchie Risk-Linked Strategies Trading (Ireland) Ltd. Ritchie Risk-Linked Strategies Trading (Ireland) Ltd. II life insurance investments filed for bankruptcy; losses $700 million http://www.bloomberg.com/apps/news?pid=206...&refer=home Sentinel Management Group Inc. -- $1.6 billion cash management services seeks for approval to halt redemptions (so far not approved) http://www.bloomberg.com/apps/news?pid=206...&refer=home Sowood Capital Management LP -- $3 billion corporate bonds no redemptions until late 2008, the two hedge funds will be unwound losses this month of approx. $1.5 billion "Citadel Investment Group LLC bought most of the assets of Sowood Capital Management LP" http://www.bloomberg.com/apps/news?pid=206...amp;refer=funds http://www.bloomberg.com/apps/news?pid=206...&refer=home http://www.bloomberg.com/apps/news?pid=206...&refer=home WestLB Mellon Compass Fund: ABS Fund -- €235 million (WestLB Mellon Asset Management) structured credit instruments "asset freeze... from August 6" http://www.ft.com/cms/s/9c904078-4510-11dc...00779fd2ac.html Yield Strategies Fund Yield Strategies Fund NZD -- $177 million (Absolute Capital Group Ltd.) collateralized debt obligations withdrawals suspended http://www.bloomberg.com/apps/news?pid=206...&refer=home Edited August 15, 2007 by Goldfinger Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted August 15, 2007 Author Share Posted August 15, 2007 A little reminder to please submit any hedge fund implosions in case I have missed them. Cheers. Quote Link to comment Share on other sites More sharing options...
zinny01 Posted August 20, 2007 Share Posted August 20, 2007 A little reminder to please submit any hedge fund implosions in case I have missed them. Cheers. A little one but it's good to keep the momentum going and keep the scoreboard ticking over. http://www.forbes.com/markets/2007/08/20/s...0markets33.html U.K. Mainsail Hedge Fund Bails Out Of Asset-Backed Investments LONDON - The investment fund body count continued to pile up on Monday, when the subprime-related debt market drought squeezed the liquidity out of one of British hedge fund manager Solent Capital's funds. Solent said on Monday that "current market volatility and lack of market liquidity" in the subprime debt markets meant it would have to wind down its Mainsail II fund, which had invested in asset-backed securities. This type of statement has become commonplace, with investor appetite for risky debt at a complete standstill, but rather than try to ride out the storm, Solent is writing Mainsail off as a shipwreck. Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted August 20, 2007 Author Share Posted August 20, 2007 U.K. Mainsail Hedge Fund Bails Out Of Asset-Backed Investments I saw them but wasn't sure whether we should already include them. I guess, we could. Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted August 21, 2007 Author Share Posted August 21, 2007 Odey Asset Management -- on watch. http://www.bloomberg.com/apps/news?pid=206...movers_by_index Quote Link to comment Share on other sites More sharing options...
Disillusioned Posted August 21, 2007 Share Posted August 21, 2007 BNP Paribas ABS EuriborBNP Paribas ABS Eonia funds Parvest Dynamic ABS -- combined $2.76 billion (all BNP Paribas) suspended "jitters among its investors" http://www.ft.com/cms/s/9a4cabc4-464d-11dc...00779fd2ac.html http://www.bloomberg.com/apps/news?pid=206...&refer=home Didn't BNP Paribas recently state that they were safe from this turmoil? Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted August 21, 2007 Author Share Posted August 21, 2007 Didn't BNP Paribas recently state that they were safe from this turmoil? Because they're operating on Mars? Quote Link to comment Share on other sites More sharing options...
Matt Bear Posted August 21, 2007 Share Posted August 21, 2007 (edited) I think you can update the Basis Capital info. "Basis Capital Tells Investors Loss May Exceed 80%" http://www.bloomberg.com/apps/news?pid=206...&refer=home "Basis Capital is unable to ``accurately estimate'' the value of units in its Yield Fund, the hedge fund said today in a letter sent to investors and obtained by Bloomberg News. The losses have worsened since a month ago, when it said the fund may decline more than 50 percent. The firm managed $1 billion in March." "Sydney-based hedge fund Absolute Capital Group Ltd. has also been caught in the rout and halted redemptions from two funds to avoid a sale of assets at distressed prices." Edited August 21, 2007 by Matt Bear Quote Link to comment Share on other sites More sharing options...
Matt Bear Posted August 22, 2007 Share Posted August 22, 2007 (edited) http://www.bloomberg.com/apps/news?pid=206...mp;refer=europe Solent, Avendis Fund Ratings Slashed to Junk by S&P (Update3) Aug. 22 (Bloomberg) Avendis' Golden Key's commercial paper rating was cut to B, one step below investment grade, from the highest level of A-1+. Ratings on parts of Solent's Mainsail II fell by 16 steps to CCC+ from the highest grade, and its commercial paper rating dropped three steps to A- 3, the lowest short-term investment grade ranking. Ratings on similar funds operated by London-based Cairn Capital Ltd. and Sachsen LB Europe, may also be cut, S&P said. Cairn Capital is proposing a restructuring of its Cairn High Grade Funding I Ltd. unit, which has not breached any tests, S&P said. Sachsen's $7 billion Sachsen Funding I Ltd. has failed liquidity tests but not yet started selling assets, the credit rating firm said. Edited August 22, 2007 by Matt Bear Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted August 30, 2007 Author Share Posted August 30, 2007 Welcome to the Hedge Fund Implode-O-Meter Update -- new funds/info are/is posted in bigger fonts. ----------------------------------------------------------------------------------------------- Since June 2007, 28 funds have gotten into trouble: ABS-Invest Fund (Union Investment Asset Management Holding AG) "6 percent of its assets in securities related to subprime mortgage loans" halted redemptions "clients withdrew about 10 percent of the assets in the past month" http://www.bloomberg.com/apps/news?pid=206...&refer=home Basis Yield Alpha fund Basis Pac-Rim Opportunity fund (Basis Capital Fund Management Ltd. -- $1bn) "structured credits and junk-rated loans" "Withdrawals from the funds have been frozen and some margin calls have been missed" "The Yield Fund lost 14 percent in June, and the its Aust-Rim Opportunity Fund declined 9 percent" "indiscriminate” repricing of “otherwise fundamentally sound collateral" http://www.ft.com/cms/s/e839b922-2fdb-11dc...00779fd2ac.html http://www.bloomberg.com/apps/news?pid=206...amp;refer=funds Bear Stearns High- Grade Structured Credit Fund Bear Stearns High-Grade Structured Credit Enhanced Leveraged Fund CDOs rescue efforts http://www.bloomberg.com/apps/news?pid=new...id=ahWfhEJ7dra4 http://www.bloomberg.com/apps/news?pid=new...id=a2.uCdsyYHtE Another Bear Stearns Fund -- $900 million asset-backed securities redemption halted losses in July http://www.bloomberg.com/apps/news?pid=206...&refer=home BNP Paribas ABS Euribor BNP Paribas ABS Eonia funds Parvest Dynamic ABS -- combined $2.76 billion (all BNP Paribas) suspended "jitters among its investors" http://www.ft.com/cms/s/9a4cabc4-464d-11dc...00779fd2ac.html http://www.bloomberg.com/apps/news?pid=206...&refer=home Caliber Global Investment Ltd. -- $908 million (Cambridge Place Investment Management LLP) mortgage fund closes down (losses) http://www.bloomberg.com/apps/news?pid=206...amp;refer=funds Fund by Carlyle Group MBSs IPO postponed; downsized http://www.bloomberg.com/apps/news?pid=206...&refer=home Dillon Read Capital Management LLC (UBS) equities, mortgages losses: $122 million in Q1 2007 http://www.bloomberg.com/apps/news?pid=new...id=aV.uoldRoQGU FT ABS-Plus fund -- $221 million (Frankfurt Trust) halted redemptions "clients removed 20 percent of their money" http://www.bloomberg.com/apps/news?pid=new...id=azNwjyV3aReg Galena Street Fund -- $300 million (Braddock Financial Corp.) subprime mortgages "Redemptions from investors nervous about subprime mortgage crisis", loss of about 3 percent in Q1 2007 http://today.reuters.com/news/articleinves...DOCK-URGENT.XML Horizon ABS Fund LP (United Capital Markets Holdings Inc. -- $619 million) subprime- mortgage bonds restricted redemptions because of "unusually high number of redemption requests" http://www.bloomberg.com/apps/news?pid=206...&refer=home Lake Shore Asset Management Ltd. -- $466 million commodities fund assets frozen; overstated holdings http://www.bloomberg.com/apps/news?pid=206...&refer=home Oddo Cash Titrisation Oddo Cash Arbitrages Oddo Court Terme Dynamique -- combined $1.37 billion (Oddo & Cie) suspended hopes to reimburse investors in September 2007 http://www.financialnews-us.com/?page=usho...ntid=2448442402 Queen's Walk Investment Ltd. (Cheyne Capital Management Ltd.) mortgage fund losses $91 million http://www.bloomberg.com/apps/news?pid=206...&refer=home Ritchie Risk-Linked Strategies Trading (Ireland) Ltd. Ritchie Risk-Linked Strategies Trading (Ireland) Ltd. II life insurance investments filed for bankruptcy; losses $700 million http://www.bloomberg.com/apps/news?pid=206...&refer=home Sentinel Management Group Inc. -- $1.6 billion cash management services seeks for approval to halt redemptions (so far not approved) http://www.bloomberg.com/apps/news?pid=206...&refer=home Stratus Fund Limited -- +$2 billion (managed by Capital Fund Management) postponing redemptions and halving its management fees http://www.iht.com/articles/ap/2007/08/29/...roup-France.php Sowood Capital Management LP -- $3 billion corporate bonds no redemptions until late 2008, the two hedge funds will be unwound losses this month of approx. $1.5 billion "Citadel Investment Group LLC bought most of the assets of Sowood Capital Management LP" http://www.bloomberg.com/apps/news?pid=206...amp;refer=funds http://www.bloomberg.com/apps/news?pid=206...&refer=home http://www.bloomberg.com/apps/news?pid=206...&refer=home WestLB Mellon Compass Fund: ABS Fund -- €235 million (WestLB Mellon Asset Management) structured credit instruments "asset freeze... from August 6" http://www.ft.com/cms/s/9c904078-4510-11dc...00779fd2ac.html Yield Strategies Fund Yield Strategies Fund NZD -- $177 million (Absolute Capital Group Ltd.) collateralized debt obligations withdrawals suspended http://www.bloomberg.com/apps/news?pid=206...&refer=home Quote Link to comment Share on other sites More sharing options...
bleakhouse Posted August 30, 2007 Share Posted August 30, 2007 http://abc.net.au/news/stories/2007/08/30/...ection=business World recessionStandard and Poor's chief economist David Wyss says defaults in the US could spread beyond risky lenders to traditional American banks. Speaking to The World Today, Mr Wyss said the worst of the subprime mortgage crisis may still come. "This isn't over yet. What we're seeing so far is largely the start of the problem," he said. "We've seen most of the drop in housing starts and home sales. The price decline though is only about half over, and we haven't really seen any of the losses yet. "The losses are a lagging indicator and they probably won't peak until early 2009." He says he is expecting defaults to continue to increase. "The real problems are the mortgages that were written right at the peak of the housing cycle, back in late 2005 and 2006," he said. "We're just starting to see those delinquencies build up right now. But what has the markets spooked, is not what's happened yet - it's projecting this trend. "I still think the Federal Reserve has the tools to make sure that this doesn't turn into a recession. "I think that the rest of the economy is still quite buoyant, but there's obviously now a higher risk that this could turn into an outright recession." While Mr Wyss believes the housing correction is mild by historical standards, he says it may just be enough to push the US to the brink of recession. "If the US gets pushed into recession, it won't just be because of the housing situation itself, it will be because the spread of that into the rest of the financial markets," he said. "People are getting scared of holding securities and if they get nervous about debt, if they get nervous about taking risks, that can hit investment, and that can hit the rest of the economy." The fat lady ain't singing yet. Quote Link to comment Share on other sites More sharing options...
REP013 Posted August 30, 2007 Share Posted August 30, 2007 GF, not wishing to hijack your thread (excellent stuff by the way) but found this on Bloomberg Hedge Funds Double Share of Fixed-Income Trades It is an article about hedge funds and their market share wrt to debt. Here is a quote Hedge-fund assets worldwide increased almost threefold in the past five years to $1.75 trillion as of June, according to Chicago-based Hedge Fund Research Inc. Fund managers' appetite for fixed-income assets has fueled growth in trading volume as well as concerns about who might buy the debt products in troubled markets. Hedge funds ``appear more concerned than other U.S. fixed- income investors about liquidity risk,'' according to the study, referring to worries buyers might disappear when trading becomes volatile. By comparison, other investors cited risk of default as their top worry. Gives us some idea of the size and potential problems when looking at the funds "imploding". If you think it is poorly placed here let me know and I'll delete it. Quote Link to comment Share on other sites More sharing options...
REP013 Posted September 4, 2007 Share Posted September 4, 2007 Synapse Shuts Fund Because of Market `Illiquidity' Another one? Sept. 4 (Bloomberg) -- Synapse Investment Management LLC, the London-based hedge-fund manager which oversaw money for Landesbank Sachsen Girozentrale, shut one of three fixed-income funds because of ``severe illiquidity'' in the market. Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted September 4, 2007 Author Share Posted September 4, 2007 Welcome to the Hedge Fund Implode-O-Meter Update -- new funds/info are/is posted in bigger fonts. ----------------------------------------------------------------------------------------------- Since June 2007, 29 funds have gotten into trouble: ABS-Invest Fund (Union Investment Asset Management Holding AG) "6 percent of its assets in securities related to subprime mortgage loans" halted redemptions "clients withdrew about 10 percent of the assets in the past month" http://www.bloomberg.com/apps/news?pid=206...&refer=home Basis Yield Alpha fund Basis Pac-Rim Opportunity fund (Basis Capital Fund Management Ltd. -- $1bn) "structured credits and junk-rated loans" "Withdrawals from the funds have been frozen and some margin calls have been missed" "The Yield Fund lost 14 percent in June, and the its Aust-Rim Opportunity Fund declined 9 percent" "indiscriminate” repricing of “otherwise fundamentally sound collateral" http://www.ft.com/cms/s/e839b922-2fdb-11dc...00779fd2ac.html http://www.bloomberg.com/apps/news?pid=206...amp;refer=funds Bear Stearns High- Grade Structured Credit Fund Bear Stearns High-Grade Structured Credit Enhanced Leveraged Fund CDOs rescue efforts http://www.bloomberg.com/apps/news?pid=new...id=ahWfhEJ7dra4 http://www.bloomberg.com/apps/news?pid=new...id=a2.uCdsyYHtE Another Bear Stearns Fund -- $900 million asset-backed securities redemption halted losses in July http://www.bloomberg.com/apps/news?pid=206...&refer=home BNP Paribas ABS Euribor BNP Paribas ABS Eonia funds Parvest Dynamic ABS -- combined $2.76 billion (all BNP Paribas) suspended "jitters among its investors" http://www.ft.com/cms/s/9a4cabc4-464d-11dc...00779fd2ac.html http://www.bloomberg.com/apps/news?pid=206...&refer=home Caliber Global Investment Ltd. -- $908 million (Cambridge Place Investment Management LLP) mortgage fund closes down (losses) http://www.bloomberg.com/apps/news?pid=206...amp;refer=funds Fund by Carlyle Group MBSs IPO postponed; downsized http://www.bloomberg.com/apps/news?pid=206...&refer=home Dillon Read Capital Management LLC (UBS) equities, mortgages losses: $122 million in Q1 2007 http://www.bloomberg.com/apps/news?pid=new...id=aV.uoldRoQGU FT ABS-Plus fund -- $221 million (Frankfurt Trust) halted redemptions "clients removed 20 percent of their money" http://www.bloomberg.com/apps/news?pid=new...id=azNwjyV3aReg Galena Street Fund -- $300 million (Braddock Financial Corp.) subprime mortgages "Redemptions from investors nervous about subprime mortgage crisis", loss of about 3 percent in Q1 2007 http://today.reuters.com/news/articleinves...DOCK-URGENT.XML Horizon ABS Fund LP (United Capital Markets Holdings Inc. -- $619 million) subprime- mortgage bonds restricted redemptions because of "unusually high number of redemption requests" http://www.bloomberg.com/apps/news?pid=206...&refer=home Lake Shore Asset Management Ltd. -- $466 million commodities fund assets frozen; overstated holdings http://www.bloomberg.com/apps/news?pid=206...&refer=home Oddo Cash Titrisation Oddo Cash Arbitrages Oddo Court Terme Dynamique -- combined $1.37 billion (Oddo & Cie) suspended hopes to reimburse investors in September 2007 http://www.financialnews-us.com/?page=usho...ntid=2448442402 Queen's Walk Investment Ltd. (Cheyne Capital Management Ltd.) mortgage fund losses $91 million http://www.bloomberg.com/apps/news?pid=206...&refer=home Ritchie Risk-Linked Strategies Trading (Ireland) Ltd. Ritchie Risk-Linked Strategies Trading (Ireland) Ltd. II life insurance investments filed for bankruptcy; losses $700 million http://www.bloomberg.com/apps/news?pid=206...&refer=home Sentinel Management Group Inc. -- $1.6 billion cash management services seeks for approval to halt redemptions (so far not approved) http://www.bloomberg.com/apps/news?pid=206...&refer=home Stratus Fund Limited -- +$2 billion (managed by Capital Fund Management) postponing redemptions and halving its management fees http://www.iht.com/articles/ap/2007/08/29/...roup-France.php Sowood Capital Management LP -- $3 billion corporate bonds no redemptions until late 2008, the two hedge funds will be unwound losses this month of approx. $1.5 billion "Citadel Investment Group LLC bought most of the assets of Sowood Capital Management LP" http://www.bloomberg.com/apps/news?pid=206...amp;refer=funds http://www.bloomberg.com/apps/news?pid=206...&refer=home http://www.bloomberg.com/apps/news?pid=206...&refer=home Thanks to REP013 Synapse High Grade ABS Fund fixed-income “severe illiquidity in the market’’ http://www.ft.com/cms/s/0/3283a1a8-5ab3-11...00779fd2ac.html http://www.bloomberg.com/apps/news?pid=206...&refer=home WestLB Mellon Compass Fund: ABS Fund -- €235 million (WestLB Mellon Asset Management) structured credit instruments "asset freeze... from August 6" http://www.ft.com/cms/s/9c904078-4510-11dc...00779fd2ac.html Yield Strategies Fund Yield Strategies Fund NZD -- $177 million (Absolute Capital Group Ltd.) collateralized debt obligations withdrawals suspended http://www.bloomberg.com/apps/news?pid=206...&refer=home Quote Link to comment Share on other sites More sharing options...
REP013 Posted September 6, 2007 Share Posted September 6, 2007 GF - weird one this Citigroup to Shut Tribeca Hedge Fund, Expand Old Lane Sept. 5 (Bloomberg) -- Citigroup Inc. will close its $2 billion Tribeca Global Investments LLC hedge fund and return money to clients five months after it agreed to buy investment manager Old Lane LP, which uses a similar strategy.``We believe we can best serve our clients by offering a single, multistrategy hedge-fund platform,'' John Havens, 50, president of the Citi Alternative Investments division and a founder of Old Lane, said in a memorandum to employees today. ``Old Lane, with nearly $4.25 billion of assets under management, will be our flagship product.'' Apparently, although "under performing" against the mean for funds no mention of major crises and being closed for consolidation purposes. Conspiracy? Who knows as Citigroup allegedly have a large exposure to sub-prime, not to mention "possible issues" regarding their available liquidity (1 of the 4 who first borrowed $500 mil from the fed) and the only bank who said they didn't borrow it to encourage others to do so. You decide if it is to "boost" the numbers or not. Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted September 11, 2007 Author Share Posted September 11, 2007 (edited) Welcome to the Hedge Fund Implode-O-Meter Update -- new funds/info are/is posted in bigger fonts. ----------------------------------------------------------------------------------------------- Since June 2007, 32 funds have gotten into trouble: ABS-Invest Fund (Union Investment Asset Management Holding AG) "6 percent of its assets in securities related to subprime mortgage loans" halted redemptions "clients withdrew about 10 percent of the assets in the past month" http://www.bloomberg.com/apps/news?pid=206...&refer=home Basis Yield Alpha fund Basis Pac-Rim Opportunity fund (Basis Capital Fund Management Ltd. -- $1bn) "structured credits and junk-rated loans" "Withdrawals from the funds have been frozen and some margin calls have been missed" "The Yield Fund lost 14 percent in June, and the its Aust-Rim Opportunity Fund declined 9 percent" "indiscriminate” repricing of “otherwise fundamentally sound collateral" http://www.ft.com/cms/s/e839b922-2fdb-11dc...00779fd2ac.html http://www.bloomberg.com/apps/news?pid=206...amp;refer=funds Bear Stearns High- Grade Structured Credit Fund Bear Stearns High-Grade Structured Credit Enhanced Leveraged Fund CDOs rescue efforts http://www.bloomberg.com/apps/news?pid=new...id=ahWfhEJ7dra4 http://www.bloomberg.com/apps/news?pid=new...id=a2.uCdsyYHtE Another Bear Stearns Fund -- $900 million asset-backed securities redemption halted losses in July http://www.bloomberg.com/apps/news?pid=206...&refer=home BNP Paribas ABS Euribor BNP Paribas ABS Eonia funds Parvest Dynamic ABS -- combined $2.76 billion (all BNP Paribas) suspended "jitters among its investors" http://www.ft.com/cms/s/9a4cabc4-464d-11dc...00779fd2ac.html http://www.bloomberg.com/apps/news?pid=206...&refer=home Caliber Global Investment Ltd. -- $908 million (Cambridge Place Investment Management LLP) mortgage fund closes down (losses) http://www.bloomberg.com/apps/news?pid=206...amp;refer=funds Fund by Carlyle Group MBSs IPO postponed; downsized http://www.bloomberg.com/apps/news?pid=206...&refer=home Dillon Read Capital Management LLC (UBS) equities, mortgages losses: $122 million in Q1 2007 http://www.bloomberg.com/apps/news?pid=new...id=aV.uoldRoQGU FT ABS-Plus fund -- $221 million (Frankfurt Trust) halted redemptions "clients removed 20 percent of their money" http://www.bloomberg.com/apps/news?pid=new...id=azNwjyV3aReg Galena Street Fund -- $300 million (Braddock Financial Corp.) subprime mortgages "Redemptions from investors nervous about subprime mortgage crisis", loss of about 3 percent in Q1 2007 http://today.reuters.com/news/articleinves...DOCK-URGENT.XML Horizon ABS Fund LP (United Capital Markets Holdings Inc. -- $619 million) subprime- mortgage bonds restricted redemptions because of "unusually high number of redemption requests" http://www.bloomberg.com/apps/news?pid=206...&refer=home Two Jolly Roger Activist funds (Pirate Capital LLC) "takeovers or bankruptcy reorganizations" "firm's assets declined by almost 80 percent in the past year" redemptions halted http://www.bloomberg.com/apps/news?pid=206...&refer=home Lake Shore Asset Management Ltd. -- $466 million commodities fund assets frozen; overstated holdings http://www.bloomberg.com/apps/news?pid=206...&refer=home Oddo Cash Titrisation Oddo Cash Arbitrages Oddo Court Terme Dynamique -- combined $1.37 billion (Oddo & Cie) suspended hopes to reimburse investors in September 2007 http://www.financialnews-us.com/?page=usho...ntid=2448442402 Queen's Walk Investment Ltd. (Cheyne Capital Management Ltd.) mortgage fund losses $91 million http://www.bloomberg.com/apps/news?pid=206...&refer=home Ritchie Risk-Linked Strategies Trading (Ireland) Ltd. Ritchie Risk-Linked Strategies Trading (Ireland) Ltd. II life insurance investments filed for bankruptcy; losses $700 million http://www.bloomberg.com/apps/news?pid=206...&refer=home Sentinel Management Group Inc. -- $1.6 billion cash management services seeks for approval to halt redemptions (so far not approved) http://www.bloomberg.com/apps/news?pid=206...&refer=home Stratus Fund Limited -- +$2 billion (managed by Capital Fund Management) postponing redemptions and halving its management fees http://www.iht.com/articles/ap/2007/08/29/...roup-France.php Sowood Capital Management LP -- $3 billion corporate bonds no redemptions until late 2008, the two hedge funds will be unwound losses this month of approx. $1.5 billion "Citadel Investment Group LLC bought most of the assets of Sowood Capital Management LP" http://www.bloomberg.com/apps/news?pid=206...amp;refer=funds http://www.bloomberg.com/apps/news?pid=206...&refer=home http://www.bloomberg.com/apps/news?pid=206...&refer=home Synapse High Grade ABS Fund fixed-income “severe illiquidity in the market’’ http://www.ft.com/cms/s/0/3283a1a8-5ab3-11...00779fd2ac.html http://www.bloomberg.com/apps/news?pid=206...&refer=home WestLB Mellon Compass Fund: ABS Fund -- €235 million (WestLB Mellon Asset Management) structured credit instruments "asset freeze... from August 6" http://www.ft.com/cms/s/9c904078-4510-11dc...00779fd2ac.html Thanks to cgnao: Y2K Finance Inc. (Wharton Asset Management) asset-backed securities "fund dropped 30 percent over June and July" redemptions halted http://www.bloomberg.com/apps/news?pid=new...id=aGfQ5jcOrx1Q Yield Strategies Fund Yield Strategies Fund NZD -- $177 million (Absolute Capital Group Ltd.) collateralized debt obligations withdrawals suspended http://www.bloomberg.com/apps/news?pid=206...&refer=home Edited September 11, 2007 by Goldfinger Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted September 11, 2007 Author Share Posted September 11, 2007 Sorry, another one imploded. 32 now. Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted September 19, 2007 Author Share Posted September 19, 2007 (edited) Welcome to the Hedge Fund Implode-O-Meter Update -- new funds/info are/is posted in bigger fonts. ----------------------------------------------------------------------------------------------- Since June 2007, 40 funds have gotten into trouble: ABS-Invest Fund (Union Investment Asset Management Holding AG) "6 percent of its assets in securities related to subprime mortgage loans" halted redemptions "clients withdrew about 10 percent of the assets in the past month" http://www.bloomberg.com/apps/news?pid=206...&refer=home 8 hedge funds of Absolute Capital Management Holdings Ltd. -- $2.1 billion redemptions halted "co-founder Florian Homm quit" "clients tried to withdraw more than $100 million" http://www.bloomberg.com/apps/news?pid=206...&refer=home Basis Yield Alpha fund Basis Pac-Rim Opportunity fund (Basis Capital Fund Management Ltd. -- $1bn) "structured credits and junk-rated loans" "Withdrawals from the funds have been frozen and some margin calls have been missed" "The Yield Fund lost 14 percent in June, and the its Aust-Rim Opportunity Fund declined 9 percent" "indiscriminate” repricing of “otherwise fundamentally sound collateral" http://www.ft.com/cms/s/e839b922-2fdb-11dc...00779fd2ac.html http://www.bloomberg.com/apps/news?pid=206...amp;refer=funds Bear Stearns High- Grade Structured Credit Fund Bear Stearns High-Grade Structured Credit Enhanced Leveraged Fund CDOs rescue efforts http://www.bloomberg.com/apps/news?pid=new...id=ahWfhEJ7dra4 http://www.bloomberg.com/apps/news?pid=new...id=a2.uCdsyYHtE Another Bear Stearns Fund -- $900 million asset-backed securities redemption halted losses in July http://www.bloomberg.com/apps/news?pid=206...&refer=home BNP Paribas ABS Euribor BNP Paribas ABS Eonia funds Parvest Dynamic ABS -- combined $2.76 billion (all BNP Paribas) suspended "jitters among its investors" http://www.ft.com/cms/s/9a4cabc4-464d-11dc...00779fd2ac.html http://www.bloomberg.com/apps/news?pid=206...&refer=home Caliber Global Investment Ltd. -- $908 million (Cambridge Place Investment Management LLP) mortgage fund closes down (losses) http://www.bloomberg.com/apps/news?pid=206...amp;refer=funds Fund by Carlyle Group MBSs IPO postponed; downsized http://www.bloomberg.com/apps/news?pid=206...&refer=home Dillon Read Capital Management LLC (UBS) equities, mortgages losses: $122 million in Q1 2007 http://www.bloomberg.com/apps/news?pid=new...id=aV.uoldRoQGU FT ABS-Plus fund -- $221 million (Frankfurt Trust) halted redemptions "clients removed 20 percent of their money" http://www.bloomberg.com/apps/news?pid=new...id=azNwjyV3aReg Galena Street Fund -- $300 million (Braddock Financial Corp.) subprime mortgages "Redemptions from investors nervous about subprime mortgage crisis", loss of about 3 percent in Q1 2007 http://today.reuters.com/news/articleinves...DOCK-URGENT.XML Horizon ABS Fund LP (United Capital Markets Holdings Inc. -- $619 million) subprime- mortgage bonds restricted redemptions because of "unusually high number of redemption requests" http://www.bloomberg.com/apps/news?pid=206...&refer=home Two Jolly Roger Activist funds (Pirate Capital LLC) "takeovers or bankruptcy reorganizations" "firm's assets declined by almost 80 percent in the past year" redemptions halted http://www.bloomberg.com/apps/news?pid=206...&refer=home Lake Shore Asset Management Ltd. -- $466 million commodities fund assets frozen; overstated holdings http://www.bloomberg.com/apps/news?pid=206...&refer=home Oddo Cash Titrisation Oddo Cash Arbitrages Oddo Court Terme Dynamique -- combined $1.37 billion (Oddo & Cie) suspended hopes to reimburse investors in September 2007 http://www.financialnews-us.com/?page=usho...ntid=2448442402 Queen's Walk Investment Ltd. (Cheyne Capital Management Ltd.) mortgage fund losses $91 million http://www.bloomberg.com/apps/news?pid=206...&refer=home Ritchie Risk-Linked Strategies Trading (Ireland) Ltd. Ritchie Risk-Linked Strategies Trading (Ireland) Ltd. II life insurance investments filed for bankruptcy; losses $700 million http://www.bloomberg.com/apps/news?pid=206...&refer=home Sentinel Management Group Inc. -- $1.6 billion cash management services seeks for approval to halt redemptions (so far not approved) http://www.bloomberg.com/apps/news?pid=206...&refer=home Stratus Fund Limited -- +$2 billion (managed by Capital Fund Management) postponing redemptions and halving its management fees http://www.iht.com/articles/ap/2007/08/29/...roup-France.php Sowood Capital Management LP -- $3 billion corporate bonds no redemptions until late 2008, the two hedge funds will be unwound losses this month of approx. $1.5 billion "Citadel Investment Group LLC bought most of the assets of Sowood Capital Management LP" http://www.bloomberg.com/apps/news?pid=206...amp;refer=funds http://www.bloomberg.com/apps/news?pid=206...&refer=home http://www.bloomberg.com/apps/news?pid=206...&refer=home Synapse High Grade ABS Fund fixed-income “severe illiquidity in the market’’ http://www.ft.com/cms/s/0/3283a1a8-5ab3-11...00779fd2ac.html http://www.bloomberg.com/apps/news?pid=206...&refer=home WestLB Mellon Compass Fund: ABS Fund -- €235 million (WestLB Mellon Asset Management) structured credit instruments "asset freeze... from August 6" http://www.ft.com/cms/s/9c904078-4510-11dc...00779fd2ac.html Y2K Finance Inc. (Wharton Asset Management) asset-backed securities "fund dropped 30 percent over June and July" redemptions halted http://www.bloomberg.com/apps/news?pid=new...id=aGfQ5jcOrx1Q Yield Strategies Fund Yield Strategies Fund NZD -- $177 million (Absolute Capital Group Ltd.) collateralized debt obligations withdrawals suspended http://www.bloomberg.com/apps/news?pid=206...&refer=home Edited September 19, 2007 by Goldfinger Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted October 7, 2007 Author Share Posted October 7, 2007 (edited) Welcome to the Hedge Fund Implode-O-Meter Update -- new funds/info are/is posted in bigger fonts. ----------------------------------------------------------------------------------------------- Since June 2007, 42 funds have gotten into trouble: ABS-Invest Fund (Union Investment Asset Management Holding AG) "6 percent of its assets in securities related to subprime mortgage loans" halted redemptions "clients withdrew about 10 percent of the assets in the past month" http://www.bloomberg.com/apps/news?pid=206...&refer=home 8 hedge funds of Absolute Capital Management Holdings Ltd. -- $2.1 billion redemptions halted "co-founder Florian Homm quit" "clients tried to withdraw more than $100 million" http://www.bloomberg.com/apps/news?pid=206...&refer=home Basis Yield Alpha fund Basis Pac-Rim Opportunity fund (Basis Capital Fund Management Ltd. -- $1bn) "structured credits and junk-rated loans" "Withdrawals from the funds have been frozen and some margin calls have been missed" "The Yield Fund lost 14 percent in June, and the its Aust-Rim Opportunity Fund declined 9 percent" "indiscriminate” repricing of “otherwise fundamentally sound collateral" http://www.ft.com/cms/s/e839b922-2fdb-11dc...00779fd2ac.html http://www.bloomberg.com/apps/news?pid=206...amp;refer=funds Bear Stearns High- Grade Structured Credit Fund Bear Stearns High-Grade Structured Credit Enhanced Leveraged Fund CDOs rescue efforts http://www.bloomberg.com/apps/news?pid=new...id=ahWfhEJ7dra4 http://www.bloomberg.com/apps/news?pid=new...id=a2.uCdsyYHtE Another Bear Stearns Fund -- $900 million asset-backed securities redemption halted losses in July http://www.bloomberg.com/apps/news?pid=206...&refer=home BNP Paribas ABS Euribor BNP Paribas ABS Eonia funds Parvest Dynamic ABS -- combined $2.76 billion (all BNP Paribas) suspended "jitters among its investors" http://www.ft.com/cms/s/9a4cabc4-464d-11dc...00779fd2ac.html http://www.bloomberg.com/apps/news?pid=206...&refer=home Caliber Global Investment Ltd. -- $908 million (Cambridge Place Investment Management LLP) mortgage fund closes down (losses) http://www.bloomberg.com/apps/news?pid=206...amp;refer=funds Fund by Carlyle Group MBSs IPO postponed; downsized http://www.bloomberg.com/apps/news?pid=206...&refer=home Dillon Read Capital Management LLC (UBS) equities, mortgages losses: $122 million in Q1 2007 http://www.bloomberg.com/apps/news?pid=new...id=aV.uoldRoQGU Thanks to OnlyMe: Two funds run by Ellington Capital Management -- $1.9 billion mortgage-credit redemptions/withdrawals suspended http://www.nypost.com/seven/10062007/busin...nt_mortgage.htm FT ABS-Plus fund -- $221 million (Frankfurt Trust) halted redemptions "clients removed 20 percent of their money" http://www.bloomberg.com/apps/news?pid=new...id=azNwjyV3aReg Galena Street Fund -- $300 million (Braddock Financial Corp.) subprime mortgages "Redemptions from investors nervous about subprime mortgage crisis", loss of about 3 percent in Q1 2007 http://today.reuters.com/news/articleinves...DOCK-URGENT.XML Horizon ABS Fund LP (United Capital Markets Holdings Inc. -- $619 million) subprime- mortgage bonds restricted redemptions because of "unusually high number of redemption requests" http://www.bloomberg.com/apps/news?pid=206...&refer=home Two Jolly Roger Activist funds (Pirate Capital LLC) "takeovers or bankruptcy reorganizations" "firm's assets declined by almost 80 percent in the past year" redemptions halted http://www.bloomberg.com/apps/news?pid=206...&refer=home Lake Shore Asset Management Ltd. -- $466 million commodities fund assets frozen; overstated holdings http://www.bloomberg.com/apps/news?pid=206...&refer=home Oddo Cash Titrisation Oddo Cash Arbitrages Oddo Court Terme Dynamique -- combined $1.37 billion (Oddo & Cie) suspended hopes to reimburse investors in September 2007 http://www.financialnews-us.com/?page=usho...ntid=2448442402 Queen's Walk Investment Ltd. (Cheyne Capital Management Ltd.) mortgage fund losses $91 million http://www.bloomberg.com/apps/news?pid=206...&refer=home Ritchie Risk-Linked Strategies Trading (Ireland) Ltd. Ritchie Risk-Linked Strategies Trading (Ireland) Ltd. II life insurance investments filed for bankruptcy; losses $700 million http://www.bloomberg.com/apps/news?pid=206...&refer=home Sentinel Management Group Inc. -- $1.6 billion cash management services seeks for approval to halt redemptions (so far not approved) http://www.bloomberg.com/apps/news?pid=206...&refer=home Stratus Fund Limited -- +$2 billion (managed by Capital Fund Management) postponing redemptions and halving its management fees http://www.iht.com/articles/ap/2007/08/29/...roup-France.php Sowood Capital Management LP -- $3 billion corporate bonds no redemptions until late 2008, the two hedge funds will be unwound losses this month of approx. $1.5 billion "Citadel Investment Group LLC bought most of the assets of Sowood Capital Management LP" http://www.bloomberg.com/apps/news?pid=206...amp;refer=funds http://www.bloomberg.com/apps/news?pid=206...&refer=home http://www.bloomberg.com/apps/news?pid=206...&refer=home Synapse High Grade ABS Fund fixed-income “severe illiquidity in the market’’ http://www.ft.com/cms/s/0/3283a1a8-5ab3-11...00779fd2ac.html http://www.bloomberg.com/apps/news?pid=206...&refer=home WestLB Mellon Compass Fund: ABS Fund -- €235 million (WestLB Mellon Asset Management) structured credit instruments "asset freeze... from August 6" http://www.ft.com/cms/s/9c904078-4510-11dc...00779fd2ac.html Y2K Finance Inc. (Wharton Asset Management) asset-backed securities "fund dropped 30 percent over June and July" redemptions halted http://www.bloomberg.com/apps/news?pid=new...id=aGfQ5jcOrx1Q Yield Strategies Fund Yield Strategies Fund NZD -- $177 million (Absolute Capital Group Ltd.) collateralized debt obligations withdrawals suspended http://www.bloomberg.com/apps/news?pid=206...&refer=home Edited October 7, 2007 by Goldfinger Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted October 9, 2007 Author Share Posted October 9, 2007 Update on the Ellington funds: http://www.bloomberg.com/apps/news?pid=206...&refer=home Investors won't be able to withdraw money from New Ellington Credit Overseas Ltd. and New Ellington Credit Partners LP... Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted October 16, 2007 Author Share Posted October 16, 2007 (edited) Welcome to the Hedge Fund Implode-O-Meter Update -- new funds/info are/is posted in bigger fonts. ----------------------------------------------------------------------------------------------- Since June 2007, 45 funds have gotten into trouble: ABS-Invest Fund (Union Investment Asset Management Holding AG) "6 percent of its assets in securities related to subprime mortgage loans" halted redemptions "clients withdrew about 10 percent of the assets in the past month" http://www.bloomberg.com/apps/news?pid=206...&refer=home 8 hedge funds of Absolute Capital Management Holdings Ltd. -- $2.1 billion redemptions halted "co-founder Florian Homm quit" "clients tried to withdraw more than $100 million" http://www.bloomberg.com/apps/news?pid=206...&refer=home Basis Yield Alpha fund Basis Pac-Rim Opportunity fund (Basis Capital Fund Management Ltd. -- $1bn) "structured credits and junk-rated loans" "Withdrawals from the funds have been frozen and some margin calls have been missed" "The Yield Fund lost 14 percent in June, and the its Aust-Rim Opportunity Fund declined 9 percent" "indiscriminate” repricing of “otherwise fundamentally sound collateral" http://www.ft.com/cms/s/e839b922-2fdb-11dc...00779fd2ac.html http://www.bloomberg.com/apps/news?pid=206...amp;refer=funds Bear Stearns High- Grade Structured Credit Fund Bear Stearns High-Grade Structured Credit Enhanced Leveraged Fund CDOs rescue efforts http://www.bloomberg.com/apps/news?pid=new...id=ahWfhEJ7dra4 http://www.bloomberg.com/apps/news?pid=new...id=a2.uCdsyYHtE Another Bear Stearns Fund -- $900 million asset-backed securities redemption halted losses in July http://www.bloomberg.com/apps/news?pid=206...&refer=home BNP Paribas ABS Euribor BNP Paribas ABS Eonia funds Parvest Dynamic ABS -- combined $2.76 billion (all BNP Paribas) suspended "jitters among its investors" http://www.ft.com/cms/s/9a4cabc4-464d-11dc...00779fd2ac.html http://www.bloomberg.com/apps/news?pid=206...&refer=home Caliber Global Investment Ltd. -- $908 million (Cambridge Place Investment Management LLP) mortgage fund closes down (losses) http://www.bloomberg.com/apps/news?pid=206...amp;refer=funds More funds by Cambridge Place Investment Management LLP -- $9.6 billion SCF 1000 Fund -- redemptions limited SCF 500 Fund -- redemptions limited SCF 1500 Fund -- plans to limit withdrawals ABSs losses http://www.bloomberg.com/apps/news?pid=206...&refer=home Fund by Carlyle Group MBSs IPO postponed; downsized http://www.bloomberg.com/apps/news?pid=206...&refer=home Dillon Read Capital Management LLC (UBS) equities, mortgages losses: $122 million in Q1 2007 http://www.bloomberg.com/apps/news?pid=new...id=aV.uoldRoQGU Two funds run by Ellington Capital Management -- $1.9 billion mortgage-credit redemptions/withdrawals suspended http://www.nypost.com/seven/10062007/busin...nt_mortgage.htm FT ABS-Plus fund -- $221 million (Frankfurt Trust) halted redemptions "clients removed 20 percent of their money" http://www.bloomberg.com/apps/news?pid=new...id=azNwjyV3aReg Galena Street Fund -- $300 million (Braddock Financial Corp.) subprime mortgages "Redemptions from investors nervous about subprime mortgage crisis", loss of about 3 percent in Q1 2007 http://today.reuters.com/news/articleinves...DOCK-URGENT.XML Horizon ABS Fund LP (United Capital Markets Holdings Inc. -- $619 million) subprime- mortgage bonds restricted redemptions because of "unusually high number of redemption requests" http://www.bloomberg.com/apps/news?pid=206...&refer=home Two Jolly Roger Activist funds (Pirate Capital LLC) "takeovers or bankruptcy reorganizations" "firm's assets declined by almost 80 percent in the past year" redemptions halted http://www.bloomberg.com/apps/news?pid=206...&refer=home Lake Shore Asset Management Ltd. -- $466 million commodities fund assets frozen; overstated holdings http://www.bloomberg.com/apps/news?pid=206...&refer=home Oddo Cash Titrisation Oddo Cash Arbitrages Oddo Court Terme Dynamique -- combined $1.37 billion (Oddo & Cie) suspended hopes to reimburse investors in September 2007 http://www.financialnews-us.com/?page=usho...ntid=2448442402 Queen's Walk Investment Ltd. (Cheyne Capital Management Ltd.) mortgage fund losses $91 million http://www.bloomberg.com/apps/news?pid=206...&refer=home Ritchie Risk-Linked Strategies Trading (Ireland) Ltd. Ritchie Risk-Linked Strategies Trading (Ireland) Ltd. II life insurance investments filed for bankruptcy; losses $700 million http://www.bloomberg.com/apps/news?pid=206...&refer=home Sentinel Management Group Inc. -- $1.6 billion cash management services seeks for approval to halt redemptions (so far not approved) http://www.bloomberg.com/apps/news?pid=206...&refer=home Stratus Fund Limited -- +$2 billion (managed by Capital Fund Management) postponing redemptions and halving its management fees http://www.iht.com/articles/ap/2007/08/29/...roup-France.php Sowood Capital Management LP -- $3 billion corporate bonds no redemptions until late 2008, the two hedge funds will be unwound losses this month of approx. $1.5 billion "Citadel Investment Group LLC bought most of the assets of Sowood Capital Management LP" http://www.bloomberg.com/apps/news?pid=206...amp;refer=funds http://www.bloomberg.com/apps/news?pid=206...&refer=home http://www.bloomberg.com/apps/news?pid=206...&refer=home Synapse High Grade ABS Fund fixed-income “severe illiquidity in the market’’ http://www.ft.com/cms/s/0/3283a1a8-5ab3-11...00779fd2ac.html http://www.bloomberg.com/apps/news?pid=206...&refer=home WestLB Mellon Compass Fund: ABS Fund -- €235 million (WestLB Mellon Asset Management) structured credit instruments "asset freeze... from August 6" http://www.ft.com/cms/s/9c904078-4510-11dc...00779fd2ac.html Y2K Finance Inc. (Wharton Asset Management) asset-backed securities "fund dropped 30 percent over June and July" redemptions halted http://www.bloomberg.com/apps/news?pid=new...id=aGfQ5jcOrx1Q Yield Strategies Fund Yield Strategies Fund NZD -- $177 million (Absolute Capital Group Ltd.) collateralized debt obligations withdrawals suspended http://www.bloomberg.com/apps/news?pid=206...&refer=home Edited October 16, 2007 by Goldfinger Quote Link to comment Share on other sites More sharing options...
IDN Posted October 16, 2007 Share Posted October 16, 2007 so a lotta money's been lost by the hedgies- so what? it wont cause a house price crash will it now? the amounts we are talking about wont destroy the hedgefund market - its too lucrative to destroy heck- bear stearns suffered huge losses- but they're still around and house prices are still un-affordable! Quote Link to comment Share on other sites More sharing options...
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