Deephaven posts first quarter loss of $4.1m; drags down Knight Capital

Fri Apr 18, 2008

Deephaven Capital Management posted a first quarter loss of $4.1 million, dragging down the performance of its 51% owner Knight Capital Group, though the broker’s trading gains outweighed Deephaven’s losses.

The $3.5 billion hedge fund firm’s losses stemmed from the poor performance of a number of its portfolios and the resulting closure of its on- and off-shore U.S. event-driven funds,...

ISSN: 2151-1845 / CDC10004H

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