The bad news continues as the number of closed,
gated or suspended funds increases weekly. This week, the
beleaguered Fortress Investment Group suspended redemptions in
its Drawbridge Global Macro Fund, while D. E. Shaw Group and
Farallon Capital Management both enacted gates and Ramius
Capital Group closed four of its funds.
Fortress has temporarily halted redemptions for its
Drawbridge Global Macro Fund, which is down about 12% this year
through November. Investors have requested to redeem about 40%
of the assets in Drawbridge, which...