Thursday, 30 June 2016
Last updated 15 min ago
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.