The Hedge Fund Implode-O-Meter - tracking the hedge fund implosion - leverage, speculation, SIVs, CDOs, arbitrage, interest rates, credit bubble

Since mid-2007, at least
95
funds at 58 outfits have "imploded*"

Top Hedge Fund Blow-up News and Commentary:

A Foreclosure Solution so Simple it Would Work [2008-11-19] - "That’s right - a solution to the foreclosure problem that would save banks from certain ruin, keep homeowners in their homes in...
American Express Delinquencies Hit 4.4%, Defaults 6.96% [2008-11-19] - "American Express Co. had its highest monthly increase in credit-card delinquencies on record in October as jobless claims rose,...
Show Us Your Bonuses: New York's Cuomo to AIG [2008-11-19] - "New York's Attorney General Andrew Cuomo today demanded that beleaguered insurance giant AIG come clean and disclose its plans ...
Irate Congressman Demands Resignation of AIG CEO [2008-11-19] - "A leading critic of AIG today demanded the company's CEO resign in the wake of the disclosure of yet another "junket" at a reso...
S&P downgrades Ambac again [2008-11-19] - "Standard & Poor's said Wednesday that it downgraded Ambac Financial and the company's main bond insurance unit because the rati...

Is Ireland the next Iceland? - [2008-11-19]
Investors Hit BofA Loan Modifications - [2008-11-19]
Panicked investors force Kuwaiti market to close - [2008-11-19]
NY budget hell - [2008-11-19]
What Happened When They Pulled the TARP - [2008-11-19]
Fed capitulates, redux: quantitative easing in the USA - [2008-11-19]
Down $16 Billion - Has Warren Buffett Lost His Touch? - [2008-11-19]
For gold, a tussle between two groups of investors - [2008-11-19]
ABX & CMBX Go Parabolic - ‘Carnage’ - [2008-11-18]
A collapsed hedge fund's overlooked wind wager - [2008-11-18]

(past news)

"Imploded*" Funds:

58. Tontine Partners [2]
57. Lancelot Investment Management [5]
56. Epic Limited Partnership [1]
55. Highland Capital Management [2]
54. Gordian Knot - Sigma Finance, Ltd. [1]
53. Modulus Europe (Powe Capital) [1]
52. Ospraie Fund [1]
51. Dalton Melchior Japan Fund [1]
50. Windmill Management (SageCrest funds) [2]
49. Turnberry Capital Management [1]
48. Absolute Capital Management [2]
47. Lydia Capital [1]
46. RREEF REFlex Fund [1]
45. Endeavour Capital [1]
44. Old Lane Partners (Citigroup) [1]
43. Rumson Capital [1]
42. Russell Investments (Alternative Strategies Funds) [2]
41. Cornerstone Quantitative Investment Group [2]
40. GoldLink Capital [2]
39. North American Equity Opportunities (Goldman Sachs) [1]
38. Pentagon Capital Management [1]
37. Absolute Capital Group [3]
36. Drake Management - Global Opportunities [3]
35. ASAT Finance (Citigroup) [3]
34. MAT Finance (Citigroup) [3]
33. Blue River Asset Management [1]
32. Carlyle Capital Corporation [1]
31. Tequesta Mortgage Fund [1]
30. Focus Capital [1]
29. Peloton ABS Master Fund, Multi-Strategy Fund [2]
28. Falcon Strategies (Citigroup) [2]
27. CSO Partners (Citigroup) [1]
26. Sailfish Capital Partners [1]
25. Polar Capital - Lotus, Tech. Absolute Funds [2]
24. Standard Chartered - Whistlejacket SIV [1]
23. Deephaven Event Fund [1]
22. Rhinebridge Plc (IKB) [1]
21. Niederhoffer Matador Fund [1]
20. Cooper Hill Partners [3]
19. Pirate Capital (Activist Funds) [2]
18. Synapse High Grade ABS Fund [1]
17. Cheyne Finance LLC (Cheyne Capital Management) [1]
16. Geronimo Multi-Strategy, Sector Opportunity, and Option & Income [3]
15. Basis Capital Fund Management, Ltd. - Basis Yield Alpha [1]
14. Solent Capital Partners LLP, Mainsail II [1]
13. Sentinel Mangement Group [1]
12. Sachsen LB: Ormond Quay conduit fund [1]
11. Parvest Dynamic ABS, BNP Paribas ABS Euribor and BNP Paribas ABS Eonia (BNP Paribas) [3]
10. Union Investment Asset Management Holding AG [1]
9. Oddo: Cash Titrisation; Cash Arbitrages; and Court Terme Dynamique [3]
8. Sowood Capital Management [2]
7. Galena Street Fund [1]
6. United Capital Markets Holdings Inc.: Horizon Funds [4]
5. Caliber Global Investment [1]
4. Lake Shore Asset Management [1]
3. Ritchie Capital Management [2]
2. Bear Stearns High Grade Credit Funds [2]
1. Dillon Read Capital Management (UBS) [1]

Historical Implosions:

1. Amaranth Advisors [2006-09]
2. MotherRock [2006-08]
3. International Management Associates LLC [2006-02]
4. Wood River Capital Management [2005-10]
5. Bayou Group [2005-07-27]
6. GLT Venture Fund [2007-07]
7. KL Group [2005-03]
8. Eifuku Master Fund [2005-01]
9. John Hancock Business Services/Epic Investment Capital et al. [2003-11]
10. Lancer Management Group [2003-07]
11. Orca Funds [2002-09]
12. Integral Investment Management [2001]
13. Long-Term Captial Management (LTCM) [1998-12-31]
14. Askin Capital Management [1994]

Ailing/Watch List*:

42. Lawrence Asset Management - Partner's Fund [1]
41. GLG - various funds [4]
40. Autonomy Capital [2]
39. Platinum Grove Asset Mgmt. [2]
38. RAB Capital [2]
37. Sankaty Advisors (Bain Capital) [2]
36. Pentwater Capital [1]
35. Greater Europe Fund [1]
34. BP Capital [1]
33. Gradient Capital Partners [1]
32. Wyser-Pratte Eurovalue [1]
31. Atticus Capital [2]
30. Ore Hill Partners [1]
29. SRM Global Master Fund [1]
28. Ritchie Capital Management [1]
27. Clinton Group Multi-Strategy Fund [1]
26. AQR Capital Management [3]
25. Polygon [1]
24. Plexus Partners [1]
23. Pardus Capital Management [1]
22. Tisbury Capital [1]
21. Global Alpha and Global Equity Opportunities(Goldman Sachs) [2]
20. Carrington Capital Management [1]
19. MKA Capital Advisors [1]
18. Alcentra European Credit [1]
17. Pursuit Capital Partners [1]
16. GPS Partners [1]
15. JWM Partners LLC - Relative Value Opportunity fund [1]
14. ING Diversified Yield, Regular Income [2]
13. GO Capital Global Opportunities Fund [1]
12. Ellington Capital Mgmt. (certain funds) [2]
11. Golden Key Ltd. [1]
10. Queen's Walk Investment, Ltd. (Cheyne Capital Management) [1]
9. John W. Henry & Co. [7]
8. Campbell & Co. [1]
7. Tykhe Capital, LLC [2]
6. Black Mesa fund [1]
5. Second Curve Capital (various funds) [4]
4. Axa IM [2]
3. Macquarie Fortress Investments Ltd. [1]
2. Frankfurt Trust [1]
1. Mariner Bridge [1]

"Imploded" funds: The "imploded" list contains hedge funds (or other unregulated and autonomous speculative investment funds) which have gone through some sort of permanent adverse change. This is a somewhat subjective call, and does not necessarily mean total shutdown or bankruptcy. It can also mean steep and rapid mark-downs in net asset value; or abnormal "bail-out" by corporate parents or peers in order to avoid write-downs and provide liquidity. The funds are of any type and sector.

Ailing funds haven't shut down, but they've suffered significant value declines and/or temporarily halted redemptions. Funds on watch may not even have unusual declines, but may be posted if it is felt there may be risk of developing a more serious condition eventually.

Attention: This site changes rapidly, and some information may be inaccurate (particularly if it is very recent). You should always check other sources regarding information found here, and check with the funds and/or parent companies themselves if you plan on doing business with them. And as always, please let us know if you have corrections, clarifications, or additions.