Monday, July 30, 2007

Hedge fund Citadel takes over Sowood's credit fund

(Reuters) - Sowood, which managed roughly $3 billion for prominent
clients such as Harvard University, lost 8 percent in July and
5 percent in June, leaving the Boston-based hedge fund with
losses of 10 percent, a person familiar with the fund's
operations told Reuters on Friday.




Read more at Reuters.com Bonds News

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