Deephaven suspends redemptions from flagship

Fri Oct 31, 2008




Citing "the current extreme and unprecedented market conditions," Deephaven Capital Management has suspended redemptions from its flagship Deephaven Global Multi-Strategy Fund, which for the year through September 30 had lost about 15%. The Minnetonka, Minn., firm estimates the strategy lost an additional 10% in October.

In an October 30 letter to investors, Deephaven said it would, in consultation with redeeming and...

TAKE A FREE TRIAL

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.

Subscribe

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

Subscribe now