Whitebox suspends redemptions

Fri Oct 24, 2008




Whitebox Advisors has suspended redemptions from most of its hedge funds to protect investors from the potential damage that could be caused by prime brokerage margin increases.

Earlier this month, one of Whitebox’s prime brokers, Goldman Sachs, doubled the margin requirements for the firm’s convertible bond...

ISSN: 2151-1845 / CDC10004H

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