Hedge Funds

Creedon sees assets slide


Creedon Keller & Partners, the convertible arbitrage shop headed up by Scott Creedon, recently suffered a wave of redemptions that has seen assets of the once high-flying firm plummet to about half from the $1.2 billion it had as of January 1. The causes of the exodus of capital are apparently twofold.

The first is that the firm suffered somewhat of a shake-up earlier this year when Creedon lost control of his voting rights for his shares in the firm, of which over 60% were awarded to his wife Kim Creedon as part of