Bloomberg – The hedge fund Meredith Whitney started last year after she became one of Wall Street’s best-known analysts is in turmoil. Her biggest investor demanded his money back and two executives left in the past month, according to a person with knowledge of her firm.
A fund connected to billionaire Michael Platt’s BlueCrest Capital Management asked to redeem its investment at least twice, according to the person, who asked for anonymity to describe the private exchanges. Her Kenbelle Capital LP started trading in November 2013 with about $50 million from BlueCrest partners and other investors, according to a fund presentation last year.
