As Deephaven’s losses mount, Knight Capital mulls divesting

Fri Jan 23, 2009

Knight Capital, which owns a controlling interest in hedge fund group Deephaven Capital Management, is reportedly considering whether to sell its 51% stake in the firm, among other options. Deephaven, based in Minneapolis, posted a fourth-quarter loss of $5.7 million.

According to Knight Capital’s fourth-quarter earnings call,...

ISSN: 2151-1845 / CDC10004H

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