Weakening credit markets take their toll

Mon Mar 3, 2008

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 spreads.

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...

ISSN: 2151-1845 / CDC10004H


The full contents of this article are available to active AR subscribers and trialists only.

To continue reading please,
take a free trialsubscribe or log in to AR.


Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Subscribe now

Popular Searches on HFI