Dive Brief:

• Hedge fund BlueCrest Capital Management may step in to pay RadioShack's loans, which are hampering the faltering electronics retailer’s efforts to shutter close to 200 stores and ease its cash crunch, according to a letter from BlueCrest founder Michael Platt obtained by Bloomberg News.

• Unlike many of RadioShack’s lenders, BlueCrest supports the retailer’s plans to close stores. Lenders Salus Capital Partners and GE Capital set credit terms that were unacceptable to the company, RadioShack said in May.

• Moody’s Investor Service Tuesday said RadioShack could be out of cash by Q3 2015. 

Dive Insight:

Facing delisting from the NYSE and hampered by its lenders, RadioShack’s turnaround seems doomed, unless BlueCrest can swoop in and rustle up enough cash to pay off the lenders who’ve stepped in the way of its plans.