PointState Capital LP was hit with about $1 billion in redemptions this year through September, said people familiar with the matter, as the New York hedge fund faces the prospect of its second losing year in a row. The redemption requests came before PointState suffered losses in November tied to big bets it has on satellite operator Intelsat SA and on Fannie Mae and Freddie Mac. The fund, now with about $6 billion in assets after the redemptions were paid, was up 1% for the year through October but was down for the year...

Source: Wall Street Journal November 26, 2019 16:33 UTC