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

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note