In another sign of the difficulties facing the financial services industry,
At present time, following a 20% decline in the fund through early September, Camulos investors have requested $350 million in redemptions.
The reason the fund is faring worse than many other hedge funds is because of its exposure to corporate credit investments, which, it said, are holding up well. The problem, according to the firms CEO Richard Brennan, is deterioration of the overall market.
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.