| 10.07.2008 Fund closures: Opalesque Exclusive: Liquidation of United Capital`s Horizon funds - actions of lenders (Deutsche, Pershing) `ended any recovery that might have been available to the funds`, says Devaney, Devaney has personally lost over $150m, plans to rebuild business and reputation, Comment: Are hedge funds really `roach motels`? |
| Opalesque Exclusive: Liquidation of United Capital`s Horizon funds - actions of lenders (Deutsche, Pershing) `ended any recovery that might have been available to the funds`, says Devaney Benedicte Gravrand, Opalesque London: John Devaney, CEO of Florida-based United Capital Asset Management LLC, did not advertise the fact that the Horizon hedge funds had lost about 82% by September 2007. Yesterd |
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