Hedge fund Sowood suffers 50 pct loss, to wind down
Hedge fund Sowood Capital told investors on Monday that it would shut down after losing half of its assets on soured bond market bets, becoming the first-high profile fund forced out of business by recent market turmoil.
(tags: trading hedgefunds)
How Credit-Market Tremors Have Affected Junk Bonds, LBOs […]
Original post by FeedZilla
