Bloomberg story ..."Diamondback to Close Down as Investors Pull $520 Million"
"Diamondback Capital Management LLC, among the hedge funds raided by the FBI two years ago in the U.S. investigation of insider trading on Wall Street, is liquidating after an exodus of clients."
as of 09/30/2012 filings Diamondback Capital Management LLC owned 2.2 million shares of YMI.
"The fund received requests from investors to withdraw about $520 million, or 26 percent of its assets, co-founders Richard Schimel and Lawrence Sapanski said today in a client letter. The Stamford, Connecticut-based firm, which has 133 employees, plans to return the majority of clients’ cash next month."
maybe they already sold their remaining shares in YMI?
the credit goes the Adam Feuerstein . he tweeted this info today ... @adamfeuerstein
Diamondback owned 2.3M shares of $YMI as of last 13F. Only biotech stock that stood out to me, rest fairly liquid names.