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Highland
’Hedge funds in grip of vicious cycle
Troubles mounted for some of the world’s biggest hedge funds on Thursday as Highland Capital Management told investors it was shutting down two of its funds and details emerged of big losses at TPG-Axon.
Highland seeks to block Delphi loan
US hedge fund Highland Capital has launched legal action to stop Delphi Corp from borrowing $300m more from former parent General Motors, saying the deal is engineered for GM’s benefit while Delphi burns through “staggering sums of money”,
Highland threatened by tumbling debt prices
Highland Capital Management, the Texas fund manager and a top investor in the leveraged loan market, is fighting a multi-front battle against the sliding value of its holdings. Highland, which manages $40bn,