Whitebox In A Box
HFA reports that multi-strategy shop Whitebox Advisors has suspended redemptions on the half a dozen hedge funds it runs, informing shareholders of the plan "over the phone while drafting a formal letter for release later this week." According to HFA, Whitebox "was in a strong position to fulfill any yearend redemption requests until this month, when Goldman Sachs ordered the firm to double the amount of collateral it puts up against margin loans used to trade convertible bonds." Related?