Three credit hedge fund managers have been forced to wind down their funds or restructure them, and two others have lost more than a fifth of their value, as the crisis deepens in their sector.
Sailfish Capital Partners, a US firm which last year managed almost $2bn (â¬1.3bn) of assets, said it was winding down its funds in an orderly fashion. Its global fixed-income fund has fallen 30.2% since June in a run of loss-making months.
