Unhinged Fund Alert!

# 11

Total Size: $24.1 Billion

This is the latest news to cause shocks to the unhinged fund market. UBS President Peter Wuffli turned in a "surprise resignation." Boy, look at that guy's face!

Fund: Dillon Reed Capital Management.
Affiliation: UBS.
Size: $1.2 B (at least)
Losses: $300 M (at least)



Fund: Bear Stearns Enhanced Leveraged ... Affiliation: Bear Stearns. Size: ~ $10 B. Status: needs bailout to prevent closure. Losses: $1-3 B.


Fund: Bear Stearns not-so-leveraged. Affilliation: Bear Stearns. Size: ~ $10 B. Status: $1.6 B bailout to facilitate "orderly deleveraging process" otherwise known as liquidating. Losses: at least $1.6 B.



Fund: Caliber Global Investment. Affiliation: Cambridge Place Investment Management. Size: $908 M. Status: closed. Losses: ?


Fund: Horizon ABS Fund L.P. Affiliation: United Capital Markets. Size: $900 M. Status:redemptions suspended . Losses: ?


Fund: Horizon Fund L.P. Affiliation: United Capital Markets. Size: $620 M?Status:redemptions suspended. Losses: ?

Fund: Horizon ABS Fund Ltd. Affiliation: United Capital Markets. Size: included in ABS Fund L.P. Status: redemptions suspended. Losses: ?

Fund: Horizon ABS Master Fund Ltd. Affiliation: United Capital Markets. Size: included in ABS Master Fund L.P. Status: redemptions suspended. Losses: ?

Fund: Galena Street Fund. Affiliation: Braddock Financial Corp. Size: $400 M. Status: closed. Losses: $100 M.


Fund: Queens Walk Investment Ltd. Affiliation: Cheyne Capital Management. Size: $91 M. Status: closed or threatened. Losses: ?



Fund: Brookfield Securities. Size: $19 M. Status: closed. Losses: $22 M.