Parkcentral Management liquidates fund (Fund News)
According to a report by Bloomberg, Parkcentral Capital Management LP, an investment firm that manages money for the family of Ross Perot, is liquidating a fixed-income hedge fund because it is "no longer viable."
Carlyle withdraws from emerging market ventures (Fund News)
The Carlyle Group announced a sudden withdrawal from two of its newest emerging market ventures, closing down its central and eastern European operations and its Asian leveraged finance business just months after their launch.
Citigroup is liquidating its Corporate Special Opportunities hedge fund after it lost 53 per cent of its value last month, marking the ninth time in recent months that the bank has had to close or rescue a fund in its alternative investment unit (CAI).