Devaney’s Funds Wiped Out After United Capital Gets Margin Call
Bloomberg- John Devaney is liquidating hedge funds at his United Capital Markets Holdings Inc. after failing to meet a margin call from Deutsche Bank AG. Deutsche Bank seized and auctioned off...
View ArticleVW squeeze may hit hedge funds frozen by Lehman
Reuters – Several hedge funds with assets frozen at Lehman Brothers may have been hit by wrong-way bets on Volkswagen, industry executives said, possibly hurting funds on trades they cannot close....
View ArticleTop Hedge Fund Managers Do Well in a Down Year
The Ledger – The financial crisis may have turned much of Wall Street’s wealth into dross, but a select group of hedge fund managers has managed to maintain a golden touch that might make King Midas...
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