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
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