http://www.bloomberg.com/apps/news?pid=20601087&sid=aWQVwbD5Hfxw ------------------------------------------snip Platinum Grove Asset Management LP, the hedge-fund firm co-founded by Nobel laureate Myron Scholes, temporarily stopped investor withdrawals from its biggest fund after it lost 29 percent in the first half of October.
The decline left Platinum Grove Contingent Master fund with a 38 percent loss this year through Oct. 15, according to investors. Funds employing a similar approach of exploiting differences in the value of related securities fell 14 percent last month and 30 percent this year, according to data compiled by Chicago-based Hedge Fund Research Inc. [...] Platinum Grove managed as much as $4.8 billion as of Aug. 31, according to investors, while its Platinum Grove Contingent Master fund oversaw $3.75 billion. -raghu. -- "I busted a mirror and got seven years bad luck, but my lawyer says he can get me five." _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
