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  • Fund managing Ross Perot's money closes - report

    11/26/2008 6:00:07 AM PST · by TigerLikesRooster · 7 replies · 683+ views
    FXStreet ^ | 11/26/08
    Fund managing Ross Perot's money closes - report Wed, Nov 26 2008, 07:13 GMT http://www.afxnews.com Nov 26 (Reuters) - Parkcentral Capital Management, an investment firm that manages money for the family of Ross Perot, is liquidating a fixed-income hedge fund because it is "no longer viable," Bloomberg reported. This year through October, Parkcentral Global Hub's assets fell as much as 40 percent, to $1.5 billion, the news agency said. The Plano, Texas-based fund is selling its remaining holdings to pay creditors, Eddie Reeves, a spokesman, told Bloomberg. Perot, who ran unsuccessfully for U.S. president in 1992, and members of his...