Deephaven Capital Management increased its assets under management to $3.6 billion at the end of 2004 from $1.6 billion at the end of 2003, according to the annual report filed by the firm's parent, Knight Trading Group. The manager's annual return slipped last year to 6.5% from 13.9% in 2003. Deephaven runs three hedge funds - a market-neutral fund, a long-short equity fund and an event arbitrage fund - and plans to launch a credit opportunities fund later this year. The firm is also increasing its allocation to investments in Europe and Asia, according to the report.
Deephaven Capital Management increased its assets under management to...
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