Pirate Capital Sees Assets Walk The Plank

Jul 20 2007 | 10:49am ET

In addition to recalcitrant portfolio companies, Pirate Capital’s Thomas Hudson has another reason to be angry this month: recalcitrant investors.

Investors withdrew roughly half its remaining assets on Jun. 30, leaving the once $2 billion fund with just about $400 million, Hedge Fund Alert reports.

Leading the departures was fund of funds shop GAM, which alone accounts for as much as $300 million of the withdrawals.


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...