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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: CalculatedRisk who wrote (85020)	8/14/2007 11:44:36 AM
From: Paul Kern	Respond to of 110194

Hedge Fund Firm Sentinel Management Asks to Halt Redemptions By Jenny Strasburg and Katherine Burton Aug. 14 (Bloomberg) -- Sentinel Management Group Inc., a Northbrook, Illinois-based hedge-fund manager, has asked regulators for permission to halt investor withdrawals. The firm contacted the Commodity Futures Trading Commission for approval to halt redemptions ``until we can honor them in an orderly fashion,'' according to an Aug. 13 letter to clients. The firm managed $1.6 billion as of last month, according to a filing with the U.S. Securities and Exchange Commission. Eric Bloom, the firm's president and chief executive officer, didn't immediately return a call seeking comment. An assistant who declined to be named said the CFTC hasn't granted the firm's request yet. To contact the reporters on this story: Jenny Strasburg in New York at jstrasburg@bloomberg.net ; Katherine Burton in New York at kburton@bloomberg.net . Last Updated: August 14, 2007 11:21 EDT

To: CalculatedRisk who wrote (85020)	8/14/2007 12:05:03 PM
From: I_C_Deadpeople	Read Replies (1) \| Respond to of 110194

Investor fear has overtaken reason This line in the Sentinal letter made me laugh...yeh, blame the investor for the crappy fund management.