Rumblings from the Rumor Mill: Another Hedge Fund In Trouble?

It’s pretty public knowledge that funds run by Vega Asset Management suffered some serious losses recently. Rumors have begun to circulate, however, that those losses might have triggered redemptions by funds-of-funds that have seriously depleted the assets under management by Vega. We’ve heard that total funds under management may now be as low as $1 billion, down from a one-time high of $12 billion.

[Bloggers note: Keep in mind that this is at exactly the stage we’re saying it is—“rumors.” Vega could not immediately be reached for comment and we could not find any independent corroboration for the rumors.]

http://www.dealbreaker.com/2006/10/another_hedge_fund_in_trouble.php