HBK revamps, names Lebowitz chairman as firm hits tough times

Wed Dec 5, 2007

Facing more than $1 billion in redemptions and its worst yearly performance ever, HBK Investments has reorganized its management structure, naming longtime partner Larry Lebowitz as chairman. David Haley was named president. Both are new positions. In an e-mail sent to investors on November 6, HBK said it was taking these steps after "analyzing carefully...

ISSN: 2151-1845 / CDC10004H

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