Pirate Capital assets fall 26% in 2007 to $739m

Tue May 29, 2007



Tom Hudson’s Pirate Capital Management has lost 26% of its assets under management since the start of 2007, falling to less than $1 billion as its performance has failed to rebound significantly from its mediocre 2006 levels.

The bulk of the decline in assets took place after the firm received redemption notices at...

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