UPDATE 2-Prophet Capital to dissolve hedge fund amid ‘extreme volatility’
Prophet Capital Asset
Management LP, an investor in loans and structured credit
securities hit by recent market turmoil, plans to temporarily
block withdrawals from one of its hedge funds and ultimately
dissolve it, according to a letter sent to investors on Monday
seen by Reuters.
Management LP, an investor in loans and structured credit
securities hit by recent market turmoil, plans to temporarily
block withdrawals from one of its hedge funds and ultimately
dissolve it, according to a letter sent to investors on Monday
seen by Reuters.
Posted by Reuters
