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...