One has to feel some sympathy for hedge fund administrator Globe Op after Archeus Capital squarely blamed it for redemptions to the tune of $2.3 billion. The founders of Archeus, former Salomon Brothers bond traders Gary Kilberg and Peter Hirsch, wrote to their investors advising of the fund’s closure and blaming the failure of its administrator to maintain accurate records.
Archeus, a multi-strategy fund, had seen assets drop from $3 billion one year...
