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...


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