Absolute Capital Loses Portfolio Managers, Suffers Sept. Losses

Oct 3 2007 | 3:42pm ET

Beleaguered hedge fund Absolute Capital Management today said that Frank Siebrecht and Stefan Heieck have tendered their resignations as portfolio managers of the Absolute Germany Fund, effective immediately. The pair cited personal reasons for their departures.

The move comes on the heels of co-founder Florian Homm’s departure last month, which led to a flurry of investor redemption requests.


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