Red Kite in the news again

``...there were rumours in the market that the hedge fund Red Kite Management, which specialises in the metal markets, had suffered a loss of more than 20 per cent in November due to the fall in the copper price. This is not the first time that Red Kite, which in 2006 gave investors a return of 188 per cent, hits the headlines. The first time was at the beginning of February when the fund was forced to close long copper positions because it had suffered heavy losses in January. In that connection, its investors agreed to give 45 days' notice about withdrawals instead of the original notice of 15 days. According to unnamed investors, the fund has recorded an aggregate loss this year of almost 50 per cent.';