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...