Red Kite says redemption requests are "insignificant" in wake of losses.

02/16/2007 | MarketWatch

Metals-trading hedge-fund firm Red Kite Management said it has received redemption requests for 4% of its assets, an indication that large investors are sticking with the firm despite substantial losses last month. Red Kite lost 20% of its value in January as traders were caught on the wrong side of deals as copper prices tumbled.

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