Claren Road Investors Seek To Pull Out Nearly $2 Billion

(New York Times) Investors in Claren Road Asset Management may think the hedge fund has come to the end of the road. The hedge fund, founded by four traders in Citigroup’s credit trading department in 2005, is facing requests from investors to withdraw around $2 billion of their money from the firm’s two main funds, according to a filing with the Securities and Exchange Commission.

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