[RT] Hedge Fund Woes: Troubles at Citadel, Highland - Financials * US *

[Ben <profitok@xxxxxxxxxxxxx>]

 

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From: SLAWEKP@xxxxxxx

 

Sent: Thursday, October 16, 2008 4:39 AM

Subject: Hedge Fund Woes: Troubles at Citadel, Highland - Financials * US *

Hedge Fund Woes: Troubles at Citadel, Highland - Financials * US * News * Story - CNBC.com

 

According to one trader with firsthand knowledge of Highland's activities, Highland is selling big blocks of assets; today, Highland settled on 30 cents on the dollar for $20 million to $30 million in bank loans that the firm only last week was trying to unload for 60 cents on the dollar.

 

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