Fall-out from the collapse of Sentinel Management Group spread on Wednesday when Capital Fund Management, a Paris hedge fund, said it stood to lose 27 per cent of its assets as a result of the cash management firm’s troubles. CFM said in a letter to 600 clients that its Discus Master Fund probably faced losses of $407m. There is growing unease among Sentinel’s clients over the way its collapse was handled by the three US regulators with some oversight of the cash management firm.

This entry was posted by Gwen Robinson on Thursday, August 23rd, 2007 at 5:39 and is filed under Capital markets, Hedge funds, Private equity. Tagged with CFM, Sentinel. Edit this entry.