Hedge Funds Post Negative Returns in August

[GiaMa]

Abaixo as performances de agosto.

[GiaMa]

Pufff...

Avendis Group Liquidates Hedge Fund, In Second Blow
 
  By Margot Patrick 
 
  LONDON -- Avendis Enhanced Fixed Income Fund, a $60 million hedge fund managed by Switzerland's Avendis Group, is set to shut down after experiencing "liquidity pressure" on its portfolio of structured credit products, marking a second blow for the firm after it was forced to start winding down a so-called "SIV-lite" it manages. 
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[GiaMa]

Puff 2....

Hedge Fund Pirate Capital Freezes 2 Funds Amid Losses

  NEW YORK -- Hedge fund Pirate Capital has frozen two of its four funds, citing redemptions and market turmoil, according to a letter to investors dated August 31. 
  In order to halt investments and withdrawals, Pirate designated the two activist funds "special investments," a type of account generally reserved for illiquid or hard-to-value investments. .......
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  Pirate officials declined a request for data on its assets under management, but people familiar with the situation say assets fell to around $400 million this summer from $1 billion earlier this year...