China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
D.E. Shaw, Farallon restrict withdrawals -report
Dec 4 (Reuters) - Investment firms D.E. Shaw & Co and Farallon Capital Management LLC have limited client withdrawals from certain of their funds, Bloomberg said on Thursday.
The two join more than 80 hedge fund managers which have imposed restrictions in the past two months, the news agency said.
New York-based D.E. Shaw, which oversees $36 billion, capped redemptions from its Composite and Oculus funds, the agency said citing two people familiar with the company.
Farallon, a $30 billion firm based in San Francisco, capped redemptions from its biggest fund after investors asked to get back more than 25 percent of their money, the report said.
In a letter to investors, Farallon said it plans to resume redemptions as early as January and would not charge management or incentive fees, the report said.
D.E. Shaw and Farallon could not be immediately reached for a comment by Reuters. (Reporting by Sakthi Prasad in Bangalore; Editing by David Holmes)
