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	<title>Hedge Fund News From HedgeCo.Net &#187; furtherance</title>
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		<title>Hedge Fund SageCrest Files for Bankruptcy</title>
		<link>http://www.hedgeco.net/news/08/2008/hedge-fund-sagecrest-files-for-bankruptcy.html</link>
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		<pubDate>Tue, 19 Aug 2008 00:00:00 +0000</pubDate>
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		<description><![CDATA[New York (HedgeCo.Net) &#8211; Greenwich-based hedge fund SageCrest Finance has filed for Chapter 11 bankruptcy protection.&#160; The credit opportunity fund, which grants short-term loan to companies left with few financing alternatives, said its recent losses were due to the condition of the debt markets coupled with mounting lawsuits.&#160; The fund once managed around $900 million.&#160; [...]]]></description>
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