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

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...