Prominent Hedge Fund Luxor Capital Warns Redeeming Investors Will Be “Gated” After Sharp Losses

Tuesday, March 29, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
03/29/2016

About a decade ago, Christian Leone’s Luxor Capital was one of the biggest brand names in the industry, and alongside Harbinger and DB Zwirn, every trader and analyst on Wall Street wanted to work there. Since then things have changed. According to Reuters, Luxor, which had $3.8 billion under management at last check, “has been losing money for months” and on Monday it surprised investors when it announced it would “not be returning exiting investors cash in full, keeping a portion locked up until some illiquid investments can be sold.”

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