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Unfounded Rumor Of The Morning: Redemptions And (More) Departures At GoldenTree?

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From the mailbag:

"At year end Dec 2009, GoldenTree faced over a half a billion dollars of redemptions. After gating investors in 2008 for over a year, they finally had to face the music after pressure from its LPs who were tired of being locked up.

Additionally, there has been another high level departure. Tom O'Shea, a partner and portfolio manager who was responsible for chemical and industrials investing quit in December and becomes one of more than 14 partners or portfolio managers to flee the firm in the last 20 months. "

Earlier: Exodus At GoldenTree?