The New York Times reported hedge fund manager Severn River Capital Management announced yesterday that it would close its two funds.
INFO SOURCES
New York Times Jan 7, 2006 P. C12; Severn River Capital Management LLC
FIRM
Severn River Capital Management LLC was founded in 2004 as a global multi-strategy arbitrage firm. The firm seeks to deliver absolute market-neutral returns to institutional investors with low volatility and a high level of transparency and client service.
Severn River invests in two primary areas: relative value and event arbitrage. Relative Value includes convertible arbitrage, capital structure arbitrage, and credit arbitrage. Event Arbitrage includes merger arbitrage, distressed investing, spin-offs, corporate events, debt exchanges and buybacks.
8 Greenwich Office Park
Greenwich, CT 06831
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