MacKay Shields shutters credit fund
Fri May 26, 2006
MacKay Shields has shut down the $1 billion MacKay
Shields Long/Short strategy following the departure earlier
this year of Don Morgan, chief portfolio manager and head of
the firm's $18 billion high-yield group. Morgan is thought to
be considering the launch of his own hedge fund. Neal
ISSN: 2151-1845 / CDC10004H
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