Sowood

With investments such as E*Trade, the Sowood portfolio and lender ResMAE Mortgage Corp., the firm has been broadening its scope lately, ahead of a possible initial public offering.

Citadel Loses Key Executive Russell 2008

Mr. Russell, who joined Citadel in 2005 from Credit Suisse Group, had a big hand in structuring two of Citadel's most high-profile investments in recent years, E*Trade and Sowood.

Citadel Loses Key Executive Russell 2008

The endowment lost about half that amount after Sowood suffered losses and sold its portfolio to Chicago-based hedge fund Citadel Investment Group.

Harvard Endowment 2008

Harvard lost about half of its $975 million investment in Sowood, which was founded by former Harvard endowment manager Jeffrey Larson, and sold its portfolio to Chicago-based hedge fund Citadel Investment Group.

Harvard's Endowment Earns 2008

Citadel, a person familiar with the matter said, has since sold the Sowood positions at a profit.

Citadel Loses Key Executive Russell 2008

Sowood relied on a group of banks to lend money for its trades, using certain Sowood investments as collateral.

Sowood's Short, Hot Summer 2007

Some large banks and investors, dealing with their own losses, sold investments that Sowood owned that were safer, and thus easier to trade, such as certain loans and credit-default swaps on leading companies.

Sowood's Short, Hot Summer 2007

Despite that, Sowood was up 5% during the first six months of the year, the fund managed more than $3 billion, and Mr. Larson stuck with his strategy.

Sowood's Short, Hot Summer 2007

Sowood was in the danger zone of funds, with too much capital to deploy to make high-profit niche trades, and not large enough to be able to have a truly diversified mutli-strategy portfolio.

The Volokh Conspiracy » Sowood Capital Latest Casualty of Credit Market Turbulence: 2007

Does the FT article or some other source go into detail about the positions that went south on Sowood?

The Volokh Conspiracy » Sowood Capital Latest Casualty of Credit Market Turbulence: 2007