Redemptions at Caryle's Claren Road Continue, As Do Delays

The global long / short hedge fund, Caryle’sClaren RoadAsset Management, is short on assets under management as $7.25 billion of investor votes of confidence – nearly 85% of all assets under management – have left the fund since September.

Short bias in credit markets and bets on government controlled Freddie and Fannie weigh on Claren Road performance

Investors requested $950 million in withdrawals from the hedge fund in the fourth quarter, The Wall Street Journal reported, citing people familiar with the matter. The firm has but $1.25 billion remaining, a shell of its former $8.5 billion...