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 brokers trading gains
outweighed Deephavens losses.
The $3.5 billion hedge fund firms 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