September proves bloody for many funds

Fri Sep 26, 2008




September's market turmoil is turning into a bloodbath for many big-name hedge funds, including Cantillon Capital Management, Harbinger Capital Partners, Maverick Capital and Third Point Capital. The deepening financial crisis, and the Securities and Exchange Commission's controversial - and confusing - ban on short selling is causing widespread distress for equity, credit, event-driven and arbitrage players.

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