The credit crunch that earlier this year took out Sailfish
Capital Partners, a $2 billion multistrategy hedge fund, is
proving to be bad news for a number of funds that trade credit
In January, at least a handful of big names saw high
single-digit or low double-digit losses, and those declines
have extended into February. GLG Credit Fund, for example, lost
4.38% in the first week of February, putting the fund at
-17.21% for the year. Satellite...