Caxton Associates

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SOUTH SAN FRANCISCO, Calif., Nov. 2 /PRNewswire-FirstCall/ -- Sunesis Pharmaceuticals, Inc. (Nasdaq: SNSS) today announced the closing of a private placement of $5.0 million of units consisting of convertible preferred stock and common stock warrants on October 30, 2009. This closing constitutes the second tranche of the private placement of up to $43.5 million of Sunesis' securities announced in April 2009. The private placement contemplated the sale of up to $15.0 million of units consisting of convertible preferred stock and warrants to purchase common stock, of which $10.0 million of units were sold in the initial closing in April 2009 and the remaining $5.0 million of units were sold in the second closing held on October 30, 2009. The remaining tranche of up to $28.5 million of common stock may be invested at the election of the holders of a majority of the convertible preferred stock, in their sole discretion ...

Times were tough for most investors in 2008, but not for the top money managers on "Alpha" magazine's 8th annual ranking of the world's highest-earning hedge fund managers.

These top hedge fund managers, on average, took home $464 million apiece in 2008. Yes, that was an average of $464 million amongst the top 25 hedge fund managers.

If you pay attention to the stock market then you've probably heard about the problems in hedge fund land. For the past few months each day is filled with headlines about how much one fund lost and how another is being closed completely, and still others are pulling money out of the market. On Friday, we got a small glimpse on how bad things are getting. Each quarter, hedge funds larger than $100 million must file a 13F disclosing their long market positions as of the end of the quarter. Usually this quarterly ritual is a great way to find new stock ideas, but this quarter the filings just confirm some of the things we've heard about the trouble in the industry.

Below is data from 11 top hedge funds about where they stacked at the end of the quarter. For the most part, the data is showing a significant ...

Many hedge funds who tried to call a bottom got killed as the markets declined past even the most pessimistic expectations. On top of that, hedge funds were hit by client redemptions, demand for more collateral from lenders, and accelerated asset sales as Lehman Brothers went out of business.

Hedge Fund Research Inc said, on average, hedge funds have lost 15.5% YTD and 5.4% last month. Investors in hedge funds looking to raise ...