Hedge Funds

Price flap at Goldman event


Deephaven executives understandably got hot around the collar last month following a comment made by industry veteran, Michael Price, during his keynote luncheon address at the Goldman Sachs Emerging Managers conference at Turnberry Isle in Florida.

In front of 500 people, the former chairman of the board of Franklin Mutual Advisers, described a trade made by Deephaven as possibly illegal. He based his comments on a panel discussion he had heard earlier in the day involving a Deephaven portfolio manager.

In the flap that followed Price's unusual comments, several Deephaven executives demanded that the firm be allowed to publicly set