Tiger Management, which has owned as much as 24% of US Airways' stock, confirmed yesterday it will shut down all six of its hedge funds after its value fell sharply over the past two years. While Tiger already liquidated a majority of the funds' portfolios, it plans to retain its shares of the funds' larger holdings, including US Airways, and sell them off at a slower pace. The airline's shares closed down 7/8 yesterday at 24 9/16.
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Tiger Management Will Shut Down All Six Of Its Hedge Funds".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.