another higher profile hedge fund went down

--Sowood capital management lost 50% its capital to 1.5 bil and will wind down two hedge funds. --Founder Jeffrey Larson, who helped pick investments for Harvard Management before starting up his own hedge fund --Citadel Investment Group, a big Chicago hedge-fund firm, said it was buying bond-related and other positions of Sowood --Citadel has a history of looking for bargains in tough times