Open Thread
Need a Hand?
Your Next Project Starts with BrownstonerMost Recent Articles
Need a Hand?
Your Next Project Starts with Brownstoner
Hiya Jackasses! Be careful of Hedge Funds especially if the “Head Day Trader’ lives in the Ghetto!
Lookie Here!!
Cerberus Won’t Let Investors Out of Hedge Fund: Report
http://www.cnbc.com/id/31831437
Cerberus Capital Management is still declining to let investors out of its main hedge fund, according to the Wall Street Journal.
Wait a minute! Was Cerberus was the biggest Hedge Fund around?
The letter cites weak market conditions that are still preventing Cerberus from giving clients their money back. Cerberus also says significant macro risks may affect future results. The letter also notes that the firm has had difficulty selling existing positions.
Cerberus says it has created a special vehicle to let some investors cash out over time.
In December of last year, Cerberus suspended withdrawal requests, joining a group of hedge funds that had halted redemptions. Feinberg also said in the letter that Cerberus plans on avoiding headline-grabbing deals like its ill-fated investments in automaker Chrysler and lender GMAC.
The What
Someday this war is gonna end…
No, m4l, next Friday. We are “teaming up” with a nice sized family office with whom we have had a relationship in one form of another for almost 30 years.
We’ll be on 55th bet Madison & Park.
We’re also launching an Asian L/S Fund if you know anybody who wants in.
DIBS, did you guys move office yet?
Hola from Espana?? tsk tsk…where’s Gwyneth Paltrow with her nice Castilian accent to correctly say: Saludos de Espana.
Kens, you sure you didn’t mean Mazel Tov?
DUH! I meant Mazl Tov.
Posted by: Kensingtonian at July 9, 2009 1:49 PM
Schlemiel, schlamazel, what’s the difference???
DUH! I meant Mazl Tov.
DIBS, even worse, the witless What thought he was being witty.
Adam – Mazal Tov