Current news for this fund:
Cooper Hill Partners - CLSP Healthcare hedge funds
Count of distinct funds: 3
We're posting this entry retroactively on Feb. 13, 2008. FinAlternatives has more on the state of the $300M worth of funds at Cooper Hill when they were closed last October:
The hedge fund world can be merciless: 10 years of 26% average returns, then down 10% and clients withdraw in droves. We're not sure how "hedged" this fund actually was—perhaps more modest returns in up years would have given investors more cause to stick around for a mild downturn. However we lack significant details (another being whether the three CLSP funds were the only ones shut down with the closure), so take that analysis with a grain of salt. Below is more from the same article on the circumstances of the implosion:
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Important: This fund is on our list of hedge funds that have "imploded" (see also ailing lenders). However, please note that "imploded" is a somewhat subjective. 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.