Unhinged Fund Alert!

#'s 14 & 15 !

That didn't take long. Here's the link from Bloomberg. Here are the funds:

Fund: Yield Strategies Fund. Affiliation: Absolute Capital Group Ltd. Size: $177 M (together with sister fund) Status: Redemptions suspended. Losses: substantial (half of fund was mezzanine CDO's, so probably nothing left).

Fund: Yield Strategies Fund NZD. Affiliation: Absolute Capital Group Ltd. Size: $177 M (together with sister fund). Status: Redemptions suspended. Losses: half of fund was mezzanine CDO's, so probably nothing left.

Fund: Basis Yield Alpha Fund. Affilliation: Basis Capital. Size: $1 B. Status: unable to meet margin calls. Losses: 14% in June.Fund: Basis Pac-Rim Rund. Affiliation: Basis Capital. Size: $1 B. Status: unknown. Losses: 9% in June.Fund: Dillon Reed Capital Management.Affiliation: UBS.Size: $1.2 B (at least)Losses: $300 M (at least)Fund: High-Grade Structured Credit Strategies Enhanced Leveraged Fund. Affiliation: Bear Stearns. Size: $638 M. Status: nothing left. Losses: $638 M.Fund: High-Grade Structured Credit Strategies Fund. Affilliation: Bear Stearns. Size: $925 M. Status: closing. Losses: at least $842 M.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. (technically a broker/dealer, not a fund, but included because they closed due to trading losses on subprime-backed CDO's).