Steyer's Farallon moves to restructure on big losses

Mon Dec 15, 2008




Loss-ridden Farallon Capital Management plans to split its flagship in two and lower its fees to keep investors placated following redemption requests that have "substantially" exceeded its gate of 15%. Like Marathon, Farallon has the cash to meet redemptions but isn't choosing to do so.

The long-biased Farallon Capital Offshore Investors has lost roughly one-third of its value this year through November, in part because of bank...

ISSN: 2151-1845 / CDC10004H

Register

By registering you will receive

  • A monthly newsletter on your specified areas of interest
  • A fortnightly update on the sector

Free Trial

Take a trial today and access

  • Performance news, fund launches, regulation changes and people moves
  • Profiles of fund managers, investors and distributors
  • Live league tables
  • Investor mandates


Popular Searches on HFI